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AP World History: Modern
Unit 5 – Revolutions (1750-1900)
Topic 5.10
What characteristic distinguishes Karl Marx’s theory of Communism from Adam Smith’s theory of Capitalism?
Both theories encouraged increased governmental control over economic activities.
Adam Smith propagated protectionist policies while Marx was against them.
Marx supported laissez-faire economics, but Smith opposed it.
Marx promoted communal ownership of production means, while Smith advocated for private property rights.
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AP World History: Modern - 5.10 Continuity and Change in the Industrial Age
Key terms
Adam Smith
Capitalism
Communism
Karl Marx
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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