AKA:
PROMOTED BY:
► The Industrial Revolution (good thing)
occurred without government
interference…so let’s keep
a good thing going!
► The poor have the opportunity to (and
should) improve their own lives through:
● hard work
● thrift (saving and careful spending)
● having fewer children
FREE MARKET CAPITALISM =
FREEDOM TO IMPROVE
YOURSELF!
CAPITALISM
LAISSEZ-FAIRE THEORIES
PROMOTE
VIEWS OF CAPITALISM
● evil
● creates divisions between rich and poor
SOLUTION:
People as a whole own the means of
production; wealth should be distributed
more evenly among society
Means of Production =
farms, factories, railways, and other large
factories that produce and distribute
goods.
AKA:
► lived in London for 30 years
during early industrial conditions
► His version of socialism
was based on a study
of history
COMMUNISM
His ideas were recorded in:
Written by: Marx and
Friedrich Engels
Communism: Class struggle between
employers and employees is inevitable
GOAL: create a classless society through
socialism!
History is a class struggle between the
“HAVES” and the “HAVE-NOTS”
BOURGEOISIE
PROLETARIAT
►END: __________would triumph!
► Take control of means of production and
create a classless (communist) society
COMMUNISM TODAY
• 1900s = Communism loses much of its
appeal in the West when the standard of
living of the working class improves; it is
mostly distorted into totalitarian
dictatorships around the world.
In short…