MATCHING Match Each Description with the Item Below

question 11

Multiple Choice

MATCHING
Match each description with the item below.
-William T.Sherman

• A)a candidate for the presidency in the 1860 election
• B)led the Pottawatomie Massacre
• C)elected president of the Confederate States of America
• D)died in July 1850
• E)caned Charles Sumner
• F)the "Little Giant" who succeeded in getting the Compromise of 1850 passed by breaking it into separate proposals
• G)argued that Congress needed to protect the right of slave owners to take their "property" into the territories
• H)the chief justice for the Dred Scott case
• I)the 1848 Free-Soil presidential candidate
• J)the president who supported the Compromise of 1850

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Definitions:

Socialist Systems

Political and economic theories advocating for the ownership and administration of the means of production and distribution by the community as a whole or by a centralized government to achieve equal distribution of wealth and the elimination of social classes.

Mixed Economy

A system where both private enterprise and government intervention coexist in the economic sphere, facilitating a balance between free market principles and social welfare.

Invisible Hand

A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions in a free market.

Price Mechanism

The process by which the forces of supply and demand determine the prices of goods and services in a market economy.