Industrial revolution 19.4 Flashcards
Jeremy Bentham
british philosopher an economist who advocated utilitarianism. believed All laws or actions should be judged by their “utility”
Thomas Malthus
British economist who saw the effects of the population explosion and after study he published “An Essay On The Principle of Population” he concluded that poverty was unavoidable bc the population was growing faster than the food supply. also a Laisses-Faire Economist
utilitarianism
the idea that the goal of society should be “the greatest happiness for the greatest number” of its citizens
socialism
system in which the people as a whole rather than private individuals own all property and operate all buisness
means of production
farms, factories, railways, and other large businesses that produced and distributed goods
Robert Owen
a utopian who set up a model community in New Lanark, Scotland to put his own ideas into practice
Karl Marx
a german philosopher, he condemned the ideas of utopians as unrealistic idealism. He formulated a new theory “scientific socialism” which he claimed was based on a scientific study of history. introduced communism
communism
form of socialism advocated by Karl Marx, class struggle was inevitable and would lead to the creation of a classless society in which all wealth and property would be owned by the community as a whole, it later came to be known as aa system in which governments led by a small elite controlled all economic and political life
proletariat
working class
social democracy
a political ideology in which there is a gradual transition from capitalism to socialism instead of a sudden violent overthrow of the system