1 / 10

“ISMS”

“ISMS”. 19.4, 20.1-20.2 Objective: to further discuss important ideals in 19 th Century Europe and their impact. Industrial Capitalism. lassiez – faire economics Adam Smith “The Wealth of Nations”

wenda
Download Presentation

“ISMS”

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “ISMS” 19.4, 20.1-20.2 Objective: to further discuss important ideals in 19th Century Europe and their impact

  2. Industrial Capitalism • lassiez – faire economics • Adam Smith “The Wealth of Nations” -felt free, unregulated market would help everyone, not just the rich (produce more goods at a lower price, increased investment) • Used results of I.R. as example (gov’t had no role)

  3. Social Aspects to I.C. • Thomas Malthus -felt pop. growth would outpace food supplies -poor would suffer as long as pop grew – “checks” on population growth -Wrong – food supply grew faster than population • David Ricardo “Iron Law of Wages” – dismal science -felt wage increases were futile (as wages grew, families grew, making it harder to pay for necessary items) • Both opposed gov’t support for poor -improvement based off of thrift, hard work, and limiting size of families.

  4. Socialism • Condemn industrial capitalism, felt a gulf was created between rich and poor • People as a whole own means of production (farms, factories, railways, distribution centers etc..) • Felt these steps would end poverty and injustice • Primarily an economic system

  5. Socialism • Some early socialists were called utopians (wanted perfect society) • Ex: Robert Owen and New Lanark, Scotland -successful mill, did not use child labor -encouraged formation of labor unions

  6. Communism/Marxism • Karl Marx and FreidrichEngles - The Communist Manifesto -felt utopians were unrealistic -Predicted struggle (conflict) between classes, would eventually lead to classless society with m.o.p. owned by the community -felt “haves” (bourgeoisie) have always had advantage over “have-nots” (proletariat)

  7. Communism/Marxism • Communism eventually becomes equated with a small elite controlling the economic and political systems in a country • Felt conflict would end with proletariat as victors with equal sharing of wealth and power – predicted this would begin in Great Britain • “Workers of the World Unite!”

  8. Conservatism • Traditional way of running a government (support political/social order pre-Napoleon) • Congress of Vienna was a victory for conservative movement • Backed established (Catholic/Protestant) Churches • Felt Constitutional Government would only lead to disorder • Concert of Europe enforces conservative standards throughout Europe (crushed pro-constitution rebellions in Spain, Portugal and some Italian states)

  9. Liberalism • Supported by bourgeoisie (included business owners, bankers, lawyers, etc..) • Supported constitutional governments/separation of powers • Supported idea of natural rights (liberty, equality, property) • Felt gov’t should protect basic rights • Supported Laissez-Faire economics – provided entrepreneurs best path to success

  10. Nationalism • Causes break-down of some traditional empires (particularly Ottoman and Austrian) • Revolts in Serbia against Ottoman rule (supported by Russia who wanted to aid “little Slavic brothers”) – leads to creation of Serbia • Greece – independent in 1830 from Ottomans • Aids with eventual unification of Italy and Germany in the late 19th Century

More Related