UNIT 3: Industrial Revolution - REFORMERS, LABOR UNIONS, MARXISM, SOCIALISM, COMMUNISM

Karl Marx

philosopher who critiqued capitalism and created Marxism

communism manifesto

book that outlined marxism and that said that Europe and North America’s economies were going to decline, so proletariat were going to remove the idea of private property with socialism

socialism

Due to a conflict between bourgeoisie and proletariat, where private property for products is no longer (eliminates private profit) but everything will be owned by everyone and controlled by everyone

communism

Form of socialism that has no social classes or wages, where laborers only take what they need

proletariat

Working class who doesn’t own property or capita so they must work for money

bourgeoisie

middle class owners

means of production

The process of creating value–what is produced, how it is produced, working conditions, speed of work, wages, prices.

class conflict (and how Marx viewed history)

Classes are due to conflict between those who control the means of production

alienated

Proletariat have no control, no decisions, they are alienated from production