Chapter 12 Industrialization and Nationalism

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CHAPTER 13
The Industrial Revolution
Section 1 Origins of the Industrial
Revolution Section 2 The Factory System Section
3 New Methods and Business Organizations Section
4 Living and Working Conditions Section 5
Socialism
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• VIII. Socialism
• A. The Industrial Revolution caused a few people
  to become enormously rich.
• However, most remained poor including the
  workers who labor fueled the industry. This
  uneven distribution of wealth disturbed many
  people.

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• B. The only way to distribute wealth more evenly
  was to change the ownership and operation of the
  means of production.
• The means of production include the items used
  by human laborers to create products.

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Socialism
SECTION 5
Socialism

• A political and economic system
• Govts own the means of production
• Operate them for the benefit of ALL people rich
  or poor
• Does away with the profit motive and competition
• EVERYONE - not just the owners had a right to
  share in the profits!

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Utopian Socialists
SECTION 5
Socialism

• Small cooperative settlements
• Everyone would work for the common good.
• Share the work and share the benefits.

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SECTION 5
Socialism
Robert Owen most influential utopian socialist
believed that people who lived in a good
environment would stop actingselfishly.
Built homes,schools,made inexpensivefood
clothingavailable,encouraged unions
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• C. Socialist wanted to establish an economic
  system that would do away with the profit
  motive and competition.
• Socialism was based on the ideas of
• Karl Marx. Marx published the The Communist
  Manifesto in 1848. Marx said throughout history
  there has been a constant struggle between the
  haves (capitalist) and the have-nots
  (proletariat or working class).

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• D. Marx predicted that the capitalists would
  continue to amass wealth while driving the
  proletariat deeper and deeper into poverty.
• Marx told workers that their low wages were
  exploitive and unjust. He urged the need for
  violent actions that would result into a
  socialist revolution.

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• Eventually, after people learned the benefits of
  working together cooperatively a truly classless
  society would result pure communism.
• In this society, Marx believed, that
• each person would contribute
• what he or she could, and
• would receive what he or she
• needed. Marx said, From each
• according to his abilities to each
• according to his needs.