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where did it start and why
in england
had many natural resources (coal and iron)
stable food supply
urbanization
mass movement of people from rural to urban
wokring conditions
very bad + and child labor
low pay, long hours
labor unions
organizations of workers that fought to improve working conditions of workers
what did the govt do
sset minimum wage and end child labor
laissez faire capitalism
businesses are free to run without govt interference and the prices follow forces of supply and demand
system during industrial revolution
adam smith
karl marx and friedrich engels
communism, believed that the factories (bourgeosie) exploited poor workers (proleteriats)
the proletariat should rise up and overthrow boourgeosie
create new society (utopia by thomas moore) where there was no social classes and everyhting equal
thomas malthus
checks onj society
warfare
famine
disease
we will outpace the food source if these checks are gone
ricardo
iron law on wages
keep wages low so that we avoid more poverty since more money can mkae more children that will steal jobs
ginsberg
culture of poverty
poverty like revolivng door
will stay in it UNLESS KID GETS EDUCATION