History Quiz Jan 29

• China is a poor country with flexible labor laws, making it cheap and a good choice for exploiting workers.
• China has abundant coal and oil, which are efficient and cheap.
• China has flexible environmental laws.
• China receives government help in the form of tax incentives, which lower the taxes for strategic areas.
• England was the top polluter for 102 years.
• Countries like China, the U.S, and England got richer faster by using cheap labor, cheap energy, and government help.
• Video rental stores, cameras, and lamplighters are examples of creative destruction.
• The electrocuted elephant was a way to show the dangers of electricity.
• Cheap labor was seen as exploitation.
• Creative destruction caused unemployment.
• Concentration of production caused inequality since production requires a large investment.
• Production requires large investment.
• Socialism began with the labor movement from 1870 to 1930.
• In 1888, the Matchgirls strike was a part of the labor movement.
• The labor movement was mainly led by women in the 1870s.
• The Second Industrial Revolution took place in the 1870s.
• The Haymarket riots were one of the most famous strikes in the labor movement.
• In 1881, unions demanded businesses should stop hiring kids under 14.
• In socialism, competition requires cost reduction.
• Low costs are achieved through cheap labor or exploitation.
• Socialism is often seen as an alternative to capitalism.
• Private vices are considered public vices in socialism.
• Competition is absolutely harmful and leads to exploitation in socialism.
• Division of labor increases alienation, inequality, and dependence in socialism.
• Every economic sector should face regulation in socialism.
• Capitalism aims to reduce inequality.
• Capitalism provides services the market cannot, such as free healthcare and free education.
• With time, economic growth slows down, so only the government can fuel growth.
• The role of the government in socialism is to accelerate the transition to communism.
• In industrial capitalism, the means of production are owned by the bourgeoisie, the rich.
• Industrial capitalism contains inequality and class struggle which cause a revolution.
• Class struggle is a conflict between rich and poor.
• In capitalism, the government is the bourgeoisie.
• Dictatorship of the proletariat, also known as Socialism, means the means of production is owned by workers.
• In Socialism, the government is now the workers.
• Socialism has class conscience.
• Socialism is the intermediate stage from capitalism to communism.
• Karl Marx believed that religion held people back.
• Communism is a classless society with no social class such as upper, middle, or lower class.
• In communism, the means of production are owned by none.