Thomas Malthus- population . Saw the negative effects of population growth (Slums, hunger, unemployment)1798 he published An Essay on the Principal of PopulationConcluded that poverty was unavoidable because population was increasing faster then the food supply. Thomas Malthus- population. Only c
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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
1. New Ways of Thinking Aim: What new ideas about economics and society were fostered as a result of the Industrial Revolution?
Do Now: Primary documents hand out
Homework: Which new idea of the industrial age do you find most practical, Explain this ideas; why do you think this idea would work? Would it work in todays society? Why or why not?
2. Thomas Malthus- population Saw the negative effects of population growth (Slums, hunger, unemployment)
1798 he published An Essay on the Principal of Population
Concluded that poverty was unavoidable because population was increasing faster then the food supply
3. Thomas Malthus- population Only checks on population were natures methods of war, disease, famine
Malthus was proved wrong food supply began to grow faster and living conditions for the western world slowly improved
4. Laissez-Faire Economics The belief that government should not interfere in the free operation of the economy ( hands off approach)
Adam Smith- Author of The Wealth of Nations
Smith believed that a free market would help everyone not just the rich
More goods at low prices making them affordable for everyone
5. Ricardo- Dismal Science Wrote the Iron Law of Wages
Believed wage increases were pointless because when wages were high families had more children rather then increase their standard of living
Both Malthus and Ricardo opposed any government help for the poor
6. Jeremy Bentham- utilitarianism The idea that the goal of society should be the greatest happiness for the greatest number of its citizens
All laws or actions should be judged by their utility (did they provide more happiness or pain?)
7. John Stuart Mill The only purpose of power over any civilized community against its will is to prevent harm to others
Middle class businesses and factory owners were entitled to increase their own happiness but the government should prevent them from doing so in a way that could harm workers
8. Robert Owen- Utopia Believed there was a way to change society for the better
New Lanark Scotland- created a model utopian village
All work is shared and all property is owned in common (no difference between rich and poor)
Reduced working hours built homes for the workers, and started a school
9. Four Corners Discussion Utopianism was an effective solution for the challenges of the industrial age.