Capitalism, Socialism, Communism, and Everything in between.
-
Upload
todd-ramsey -
Category
Documents
-
view
225 -
download
0
Transcript of Capitalism, Socialism, Communism, and Everything in between.
![Page 1: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/1.jpg)
Capitalism, Socialism, Communism, and Everything in between
![Page 2: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/2.jpg)
Bellringer
• What were the conditions like for workers during the Industrial Revolution?
• Answer with detail.
![Page 3: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/3.jpg)
Laissez-Faire Economics
• Stemmed from the Enlightenment
• Free trade• No government
regulations on business
![Page 4: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/4.jpg)
The Capitalists
• What is the definition of capitalism?
![Page 5: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/5.jpg)
Adam Smith
![Page 6: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/6.jpg)
Wealth of Nations (1776)
• Three natural laws of economics• Law of self-interest• Law of Competition • Law of Supply and Demand
![Page 7: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/7.jpg)
Thomas Malthus
![Page 8: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/8.jpg)
An Essay on the Principles of Population (1798)
• Without wars and epidemics the population will increase faster than the food supply
• Most people are destined to be poor and miserable
![Page 9: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/9.jpg)
David Ricardo
![Page 10: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/10.jpg)
Principles of Political Economy and Taxation (1817)
• Permanent underclass of people that will always be poor
• Believed that under the market system wages would continue to go down as the population increased
![Page 11: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/11.jpg)
Jeremy Bentham
• Came up with the idea of utilitarianism
• What is the definition of utilitarianism?
![Page 12: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/12.jpg)
John Stuart Mill
![Page 13: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/13.jpg)
John Stuart Mill
• Led the utilitarian movement in the 1800s• Wanted more equal division of the profits• Favored cooperative system in agriculture• Wanted to give women the right to vote
![Page 14: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/14.jpg)
Robert Owen and Utopia
• Owned factory in Scotland
• Gave workers inexpensive housing
• Lived in cooperative community in New Harmony, Indiana
![Page 15: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/15.jpg)
The Socialists
Charles Fourier Saint-Simon
![Page 16: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/16.jpg)
Karl Marx and Communism
![Page 17: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/17.jpg)
The Communist Manifesto
• 23 page pamphlet• History divided into two classes • Bourgeoisie – Have’s• Proletariat – Have Not’s • History is a class struggle
![Page 18: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/18.jpg)
The future according to Marx
• Capitalist system would destroy itself• Small artisans would be destroyed• Workers would unite against the small number
of rich in the world• Dictator of Proletariat would rule until
government and class no longer existed• People would share everything
![Page 19: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/19.jpg)
1848 Revolutions
• Many countries in Europe had revolutions in 1848.
• Revolutions failed to unite workers• Factors that divided workers: religion,
nationalism, and family
![Page 20: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/20.jpg)
Labor Unions
• By 1800s labor unions began to form• Workers join together to bargain for better
working conditions, hours, and pay• Workers go on strike if unable to compromise• First unions were for skilled workers
![Page 21: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/21.jpg)
Reformers
William Wilberforce Jane Addams Horace Mann
![Page 22: Capitalism, Socialism, Communism, and Everything in between.](https://reader036.fdocuments.us/reader036/viewer/2022062304/56649ec05503460f94bcb1dc/html5/thumbnails/22.jpg)
Reform Laws
• Many in government wanted to help factory workers
• 1833 Factory Act: Children under the age of 9 could not be hired to work in factories, limited number of hours children ages 9-17 could work in the factories
• 1842 Mines Act: Women and children do not have to work in the mines
• 1847 Ten Hours Act: Women and Children cannot work more than 10 hrs in a factory