chapter 4

Question 1

adam smith

Answer 1

-free market (capitalism)
-believed in equal distribution of wealth
-hated monopolies
-competition is neccesary (inivative)

Question 2

capitalism

Answer 2

-free market

Question 3

anti trust laws

Answer 3

get rid of monopolies

Question 4

social mobility

Answer 4

the idea that no matter where you are born you can move up classes
-economic liberalism

Question 5

monopoly

Answer 5

one or very few companies control economic flow

Question 6

class system

Answer 6

limits equal distribution of wealth

Question 7

classical liberalism

Answer 7

rights of the individual

Question 8

distribution of wealth

Answer 8

-free market
-freedom of choice economically
-sell and produce
-social mobility

Question 9

haudenosunee confederacy

Answer 9

participatory democracy (no represntatives, individuals particpate)
-power in numbers
-formed due to colinization

Question 10

john stuart mill

Answer 10

individuals should be free to act as they wish, as long as didn’t infringe on other peoples rights

Question 11

laisses faire

Answer 11

-free market
let the economy be, driven by compeition

Question 12

mercantilism

Answer 12

export more than they import