Ideologies of The Industrial Revolution 1
Ideologies of The Industrial Revolution 1
THE BASICS:
● Free trade will lead to a
prosperous economy
● No government
regulation of the
economy
● Opposed
MERCANTILISM &
restrictions on trade.
● Private ownership of
factors of production
(land, labor, factories &
capital)
● Laissez-faire: “let do”/
CAPITALISM: ADAM SMITH & “THE WEALTH
OF NATIONS”
Invisible hand—harmony will be
reached & society will advance if
everyone follows their own self-
interest
Bourgeoisie Proletariat
● The “Haves” - those ● The “have-nots” -
with lots of money & those who have little
power money
● Control the means of● the working class—
production work long hours for
● oppressor little pay
● oppressed
Marx believed all of history was driven
by class conflict
Wanted the Proletariat to revolt
SOCIALISM
● Thought the Industrial Revolution created an
unstable system which glorified greed while
impoverishing the common people
○ Wanted to offset the negative effects of
industrialization through reform (not revolution)
○ The GOVERNMENT should intervene to improve
people’s lives
● Factors of production are owned by the public
(government) & operate for the welfare of all
● Believed the issues with morality in cities was a
result of the poor living conditions
● Robert Owen created a short-lived “utopian”
community based on cooperation, shared effort &
shared wealth
ROBERT OWEN’S NEW LANARK
CHECK YOUR UNDERSTANDING
Highlight whether the statement is TRUE or FALSE
Socialists want to abolish private Capitalists believe that wages and prices
property and make everyone completely should be set based on supply and
equal. demand and not set by laws or
government policies.
TRUE FALSE
TRUE FALSE
Communists believe that the lower The working class during the industrial
classes should overthrow their oppressors revolution tended to support Capitalist
in a global revolution. ideas.
.
TRUE FALSE TRUE FALSE
TRUE FALSE
TRUE FALSE
Socialists believe that the government Capitalists would support minimum wage
should be limited and that the economy laws as a way to increase productivity
should operate without too many and profits.
restrictions.
TRUE FALSE
TRUE FALSE
APPLY IT!
Match the ideology to the belief by dragging & dropping the labels
COMM
ALL FOR ONE & ONE FOR UNIS
M
ALL!
Fill in the
ideology IDEOL
you chose OGY
here
IDEOL
OGY