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25.4 REFORMING THE INDUSTRIAL WORLD

MR.HOODS NOTES.

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25.4 REFORMING THE INDUSTRIAL WORLD

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  1. WORLD HISTORY II OCTOBER 2014 MR. HOOD • INSTRUCTIONS • START PREP • 25.4 REFORMING THE INDUSTRIAL WORLD • MAIN IDEA • WHY IT MATTERS NOW • TERMS & NAMES • PAGE 734 • THEN START READING SECTION

  2. WORLD HISTORY MR. HOOD`S NOTES OCTOBER 2014 25.4 REFORMING THE INDUSTRIAL WORLD

  3. MAIN IDEA THE INDUSTRIAL REVOLUTION LED TO ECONOMIC, SOCIAL, AND POLITICAL REFORMS.

  4. WHY IT MATTERS NOW MANY MODERN SOCIAL WELFARE PROGRAMS DEVELOPED DURING THIS PERIOD OF REFORM.

  5. INTRODUCTION

  6. INDUSTRIALIZATION WIDENED GAP BETWEEN RICH + POOR

  7. BUSINESS OWNERS: GOVERNMENT SHOULD STAY OUT OF BUSINESS

  8. REFORMERS: GOVERNMENT SHOULD CHECK BUSINESSES

  9. REFORM: A CHANGE FOR THE BETTER; AN IMPROVEMENT

  10. WORKERS DEMANDED MORE RIGHTS AND PROTECTION

  11. OBJECTIVE 1 IDENTIFY THINKERS AND IDEAS THAT SUPPORTED INDUSTRIALIZATION

  12. LAISSEZ FAIRE IS AN ECONOMIC POLICY

  13. FRENCH LITERAL MEANING: “LET PEOPLE DO AS THEY PLEASE”

  14. OWNERS OF INDUSTRY SET WORKING CONDITIONS

  15. A FREE MARKET UNREGULATED BY GOVERNMENT

  16. GOVERNMENT SHOULD NOT INTERFERE

  17. ADAM SMITH OF SCOTLAND THE FATHER OF ECONOMICS

  18. INVISIBLE HAND REGULATES MARKET SELF-INTEREST + COMPETITION

  19. ECONOMIC LIBERTY GUARANTEED ECONOMIC PROGRESS

  20. SELF-INTEREST: PEOPLE WORK FOR OWN GOOD

  21. COMPETITION: FORCED PEOPLE TO MAKE BETTER PRODUCT

  22. THIS LED TO LAISSEZ-FAIRE CAPITALISM

  23. CAPITALISM: FACTORS OF PRODUCTION ARE PRIVATELY OWNED

  24. MONEY INVESTED TO MAKE PROFIT

  25. BUSINESS OWNERS LIKED LAISSEZ-FAIRE CAPITALISM

  26. OBJECTIVE 2 EXPLAIN THE ORIGINS AND MAIN CONCEPTS OF SOCIALISM AND MARXISM

  27. IN CONTRAST TO LAISSEZ-FAIRE

  28. OTHER THINKERS BELIEVED GOVERNMENTS SHOULD INTERVENE

  29. GOVERNMENT + WEALTHY MUST HELP THE POOR

  30. THEY WANTED TO CANCEL OUT NEGATIVE EFFECTS OF INDUSTRIALIZATION

  31. BY INTRODUCING A NEW ECONOMIC SYSTEM CALLED SOCIALISM

  32. SOCIALISM: FACTORS OF PRODUCTION OWNED BY PUBLIC

  33. + OPERATE FOR WELFARE OF ALL

  34. END POVERTY + PROMOTE EQUALITY

  35. FACTORY WORKERS LIKED SOCIALISM

  36. ALSO, KARL MARX + FRIEDRICH ENGELS DEVELOPED COMMUNISM

  37. OUTLINED IN THE COMMUNIST MANIFESTO EXTREME FORM OF SOCIALISM

  38. SAID HUMAN SOCIETIES ALWAYS DIVIDED INTO WARRING CLASSES

  39. MIDDLE CLASS v WORKING CLASS OR “HAVES” v “HAVE NOTS”

  40. MARX + ENGELS PREDICTED WORKERS WOULD OVERTHROW THE OWNERS

  41. AND BELIEVED CAPITALISM WOULD DESTROY ITSELF

  42. AND WOULD BE REPLACED WITH A CLASSLESS SOCIETY WOULD DEVELOP

  43. COMMUNISM: FACTORS OF PRODUCTION OWNED BY PUBLIC

  44. ALL GOODS + SERVICES WOULD BE SHARED EQUALLY

  45. PRIVATE PROPERTY DOES NOT EXIST

  46. COMMUNISM LATER INSPIRED REVOLUTIONARIES

  47. OBJECTIVE 3 EXAMINE UNIONIZATION AND LEGISLATIVE REFORM

  48. WORKERS FORMED UNIONS TO INCREASE THEIR INFLUENCE

  49. WORKING PEOPLE BECAME MORE ACTIVE IN POLITICS

  50. WORKERS JOINED TOGETHER IN LABOR ASSOCIATIONS CALLED UNIONS

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