Social Studies 30
Unit 2Exam Review
Vocabulary:
Welfare capitalism
Progressives
Demand-Side Economics
Supply-side Economics
Détente
Containment Policy
Truman Doctrine
Marshall Plan
New Deal
Utopian Socialist
Democratic Socialist
Cold War
People:
Karl Marx
Adam Smith
Robert Owen
John Stuart Mill
Ronald Reagan
John Stuart Mill
Brinksmanship
Berlin Blockade/Airlift
Neo-Conservative
Satellite States
Iron Curtain
Stalinization
Fiscal Policy
Monetary Policy
Scapegoating
Indoctrination
Cult of Personality
Trickle-down theory
John Maynard Keynes
Lenin
Stalin
Adolf Hitler
Joseph McCarthy
Questions:
1. How did Classical Liberalism grow out of the Agricultural Revolution?
2. Who answers the three main economic questions in a market economy?
3. What were the advantages and disadvantages of the market economy?
4. How did other ideologies rise in response to the problems of classical liberalism?
5. What is the difference between utopian socialism and democratic socialism?
6. How was welfare-capitalism a response to the problems and benefits of the classical
liberalism?
7. What is the difference between supply-side economics and demand-side economics?
8. How does the business cycle work?
9. How does spending create jobs?
10. How does spending create inflation?
11. How does Fascism differ from Communism?
12. Why did Fascists and Communists reject liberalism?
13. How do dictators take and keep power?
14. Why did Communist and non-communist countries come into conflict after the Second
World War?
15. How did the United States try to stop the spread of communism?
Sources
Explain how each of these cartoons relates to Liberalism and the unit we have just studied.