Capitalism quiz
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Which scientist lost heavily in the 1720 South Sea Bubble?
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More questions about Capitalism
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Which country was Karl Marx born in?
Answer: Germany
Why: He was born in 1818 in Trier, a western German city close to the border with Luxembourg.
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How many hours a week did Keynes predict people would work by 2030?
Answer: 15
Why: He also expected living standards a century after 1930 to be four to eight times higher.
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Who first used the word 'capitalism' in its modern sense?
Answer: Louis Blanc
Why: Blanc had sat in France's provisional government during the 1848 revolution, though without a ministry.
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In what kind of place did the London Stock Exchange begin?
Answer: A coffee house
Why: From 1698 the broker John Castaing posted share and commodity prices at Jonathan's Coffee House in Change Alley.
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Which faith's work ethic did Max Weber link to capitalism?
Answer: Protestantism
Why: In Weber's account, Calvinists who could not know if they were saved took success at work as a sign of God's favour.
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Why did Carlyle call economics the 'dismal science'?
Answer: It opposed slavery
Why: While widely thought to reference Malthus's starvation warnings, Carlyle actually coined the phrase because economists opposed slavery.
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