SOLUTIONS TO PROBLEMS OF INDUSTRIAL REVOLUTION

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SOLUTIONS TO PROBLEMS OF INDUSTRIAL REVOLUTION
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pRObLEmS

• MANY WORKERS IN POVERTY
• UNSAFE WORKING CONDITIONS
• POOR QUALITY PRODUCTS
• MONOPOLIES CONTROL BUSINESSES
• OVERCROWDED CITIES
• POLLUTION!

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ADAM SMITH FATHER OF CAPITALISM
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CAPITALISM

• Smiths Theory
• Individuals acting naturally in their own
  self-interest would bring about the greatest good
  for society as a whole (work for own profit will
  be good for nation too)
• Believed government should not regulate
  businesses (laissez faire)

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But greed kicked in
A few became very rich at expense of their
workers and All of us were eating meat with rat
poison flavoring!
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Some people advocated new types of economic
systems.
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SOCIALISM/COMMUNISM

• Karl Marx a German in exile in Britain
• He believed that the history of the world was a
  history of class struggle between the haves and
  the have nots
• He predicted that during the Capitalist stage of
  society the workers would be so miserable that
  they would eventually rise up and overthrow their
  employers and rulers.

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KARL MARX
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SOCIALISM/COMMUNISM

• The Workers would then set up a new society based
  on the sharing of goods
• All people would work at the job they enjoy and
  are best at
• Everyone would be happy and fulfilled thus no
  government would be necessary
• Utopia or a perfect society

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PERFECT THEORIES NEVER WORK!

• Neither Capitalism nor Communism worked as their
  authors had envisioned
• The first country to have a communist revolution
  was Russiabut the leaders of the revolution
  kept all the power and control for themselves and
  the people never had the perfect society promised.

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Lenin
Workers unite!
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CAPITALISM REVISED

• Most of the Industrialized countries solved the
  problems of Capitalism without having an all-out
  revolution!
• UNIONS WERE DEVELOPED TO HELP THE WORKERS
  PRESSURE THEIR BOSSES FOR BETTER PAY AND
  CONDITIONS.

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GOVERNMENT REGULATIONS

• Eventually the governments in most
  industrialized countries had to begin passing
  laws to protect the health and safety of their
  citizens.
• 1) child labor laws
• 2) minimum wages/limits on hours
• 3) food handling and packing laws
• Etc. etc. etc..
• THUS, no one has a pure Capitalistic system today
  (not even the USA)

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NEED FOR RESOURCES

• The next problem
• How to get all of the natural resources necessary
  to sustain an industrialized economy
• and to get them as cheaply as
  possible.

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IMPERIALISM

• Lets Just take them from those
  countries/continents who are not industrialized!
• --- Here we go again-------