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The philosopher whose ideas I think would offer the most hope for improving the industrialized world in the 1900 is______________. Describe the person you choose economic philosophy and his ideas. 2- Here, you will want to include what life was like in the industrialized world in 1900 and explain HOW and WHY you think his ideas offer the most hope for improving the industrialized world. Use evidence from the chart.

The philosopher whose ideas I think would offer the most hope for improving the industrialized world in the 1900 is______________. Describe the person you choose economic philosophy and his ideas. 2- Here, you will want to include what life was like in the industrialized world in 1900 and explain HOW and WHY you think his ideas offer the most hope for improving the industrialized world. Use evidence from the chart.

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Read first-Industrialization widened the gap between the rich and the poor. At the end of the nineteenth century in Great Britain, more than 66 percent of the wealth was in the hands of less than 12 percent of the population. The miners and factory workers who the new products still faced grim conditions at home and spent long, dangerous day at work. Using the chart to analyze, compare and contrast the ideas of Adam Smith, Robert Owen, and Karl Marx, choose one of these three men whose ideas YOU think offer the most hope for improving the industrialized world as you see it in 1900 and tell why. Consider life in the late 19th/early 20th centuries. The philosopher whose ideas I think would offer the most hope for improving the industrialized world in the 1900 is______________. Describe the person you choose economic philosophy and his ideas. 2- Here, you will want to include what life was like in the industrialized world in 1900 and explain HOW and WHY you think his ideas offer the most hope for improving the industrialized world. Use evidence from the chart.
Who should receive the profits? Major accomplishments and ideas Business owners 1 Wealth of Nations 2 Introduced a new way of thinking about how goods and services are produced, distributed, and consumed Published The 3 Thought government should not interfere in the process Owners and workers should share, but government controls it. 1 Bought the New Lanark textile mills and greatly improved living and working conditions 2 Did not allow children under the age of 10 to work 3 Established schools 4 Attempted to set up a utopian society in New Harmony, Indiana All citizens 1 Published The Communist Manifesto and Das Kapital with Friedrich Engels 2 Thought society was divided into classes that struggle against each other 3 Predicted that workers would eventually revolt and overthrow the class that owned and ran it
Transcribed Image Text:Who should receive the profits? Major accomplishments and ideas Business owners 1 Wealth of Nations 2 Introduced a new way of thinking about how goods and services are produced, distributed, and consumed Published The 3 Thought government should not interfere in the process Owners and workers should share, but government controls it. 1 Bought the New Lanark textile mills and greatly improved living and working conditions 2 Did not allow children under the age of 10 to work 3 Established schools 4 Attempted to set up a utopian society in New Harmony, Indiana All citizens 1 Published The Communist Manifesto and Das Kapital with Friedrich Engels 2 Thought society was divided into classes that struggle against each other 3 Predicted that workers would eventually revolt and overthrow the class that owned and ran it
Nationality and profession Comparing Smith, Owen, and Marx Chart Adam Smith Robert Owen (1723-1790) Scottish economist Name of his political or economic philosophy Opinion of industrialization Who should own or control the resources, or means of production? Who should receive the profits? capitalism 1 Favored industrialization Believed 2 competition would make business more efficient and keep prices down Individuals who will be guided by market forces Business owners (1771-1858) Welsh businessman socialism 1 Horrified by the living and working conditions workers faced Thought those conditions turned people into brutes 2 Workers should share in labor and profits, but government controls it. Owners and workers should share, but government controls it. Karl Marx (1818-1883) Prussian journalist communism 1 Appalled by the misery the workers had to endure 2 Expected the proletariat to revolt and overthrow the bourgeoisie A "Worker" State (a vast association of the whole nation) All citizens
Transcribed Image Text:Nationality and profession Comparing Smith, Owen, and Marx Chart Adam Smith Robert Owen (1723-1790) Scottish economist Name of his political or economic philosophy Opinion of industrialization Who should own or control the resources, or means of production? Who should receive the profits? capitalism 1 Favored industrialization Believed 2 competition would make business more efficient and keep prices down Individuals who will be guided by market forces Business owners (1771-1858) Welsh businessman socialism 1 Horrified by the living and working conditions workers faced Thought those conditions turned people into brutes 2 Workers should share in labor and profits, but government controls it. Owners and workers should share, but government controls it. Karl Marx (1818-1883) Prussian journalist communism 1 Appalled by the misery the workers had to endure 2 Expected the proletariat to revolt and overthrow the bourgeoisie A "Worker" State (a vast association of the whole nation) All citizens
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