The Industrial Revolution led to economic, social, and political reforms. Many modern social welfare programs developed during this period of reform.
Your Assignment:
1.) Describe the difference between Capitalism and Socialism.
2.) Look at the chart on page 737. Consider the following people from the 19th-century Britain: factory worker, shop owner, factory owner, unemployed artisan. Which of them would be most likely to prefer capitalism and which would prefer socialism? Why?
3.) Which system of economic ideas seems most widespread today? Support your opinion.
Due: Sunday 3/7/10 by no later than 11:59p.m.
15 comments:
socialism is the factor of progress, and a concern for socail justice, and capitalism is pretty much the same but it is involed with money.
for capitalism it is the factory works because of the stuff that is going down man
and for the socialism it is factory owners because all the people that wanted to work in the factorys
the hours of work in jobs because i dont think that people have to work 15 hours a day
1) The factors in Capitolism are Privatly owned and the factors in Socialism are publicaly owned money is invested by a private business in Capitolism and in Socialism it is funded by welfare.
2)A factory worker would most likely prefer Socialism but a factory owner would prefer Capitolism becuase the State protects the workers in Socialism but the owner would want to have control over his workers so he would like that the government can not interfer this would be the same for the shop owner. The unemployed Artisan would want Capitolism because the business compete for the consumers money and you progress at your own rate. but they would also like socialism becuase they would have an equal distrabution of goods and serices.
3) Socialism because the govenment protects the workers and the owners in a way. with the health care bill he is trying to protect the people who are in the lower classes.
1. Capitalism in which the factors of production are privately owned and money is invested in business ventures to make a profit. socialism is the factors of production are owned by the public and operate for the wellfare of all.
2. factory worker would be socialism but a factory oner would be capitalism because the worker is procted by state in solismn. shop owner would be the same as factory owner. unemployed artisn would want capitilsm because the busniess competes for the the peoples money.
3. socialism because government protects the people.
1. capitalism is an economic system in which the factors of productino are privately owned and money is invested in business. socialism is the factors of production are owned by the public and operate for ther welfare of all.
2.shop owner and factory owners will be capitalism because they own the facotry so that means the money is invested. factory worker and unemployed artisan will be socialism because they have to work for money unlike the factory owners they get money for other peoples works.
3.capitalism because the business owners get paid for other peoples works.
1) -Capitalism is an econimic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
-In socialism, the factors of prduction are owned by the public and operate for the welfare of all.
2) Factory workers would like capitalism because it is more competitive. Unemployed astisan would like socialism because it has to do more with the community.
3) Socialism, because it has to do more with sharing nad equality.
1)Capitalism-is an economic and social system in which capital and land, the non-labor factors of production (also known as the means of production), are privately owned.
Socialism-refers to the various theories of economic organization which advocate either public or direct worker ownership and administration of the means of production and allocation of resources.
2)Capitalism-(Shop Owner)because customers compete to buy the best goods at the lowest price and it shapes the market by affecting what businesses are able to sell.
Socialism-(Factory Worker) because they think that capitalist emploters take advantage of workers.
3)Socialism because it protects the factory workers the community or state must act to protect workers.
1. capitalism is an economic system in which the factors of production are privately owned and moneyis invested in business ventures to make a profit. Socialism is the factores of production are owned by the public and operate for the welfare of all.
2. Factory owner would prefer socialism, shop owner would also prefer socialism, and a factory worker would prefer capitalism.
3. Socialism because the government protects the people.
1)Capitolism are privately owned socailism are public owned.
2)Factory workers would prefer socialism because the government will protect them but factory owners, and shop owner would be captolism cause the government doesnt want to get near there business. and artisan want both because money and protection from government.
3)capitolism because people are creating their own business's and the government doesnt interfer with their business's
1) Capitalism is an economic system where the factors of production are owned privately and the money is invested in business ventures to make a profit. In socialism, the production factors are publicly owned and operate for the welfare of all.
2) Factory worker-socialism because capitalist employers take advantage of the workers. Shop owner- capitalism because the government won’t interfere in their work. Factory owner-capitalism because they can follow their own self-interest. Unemployed Artisan- socialism because the government distributes goods according to each person’s needs.
3) Capitalism, because the factories and stores are mostly privately owned in the United States. Also because businesses today still fight for peoples business.
1) Capitalism is a system where factors of production are privately owned while Socialism is factors of products owned by the public.
2) A shop owner would like Capitalism most because in is a self-interest deal with no government interferance. A a factory owner would like Socialism more because they can take advantage of their workers.
3)Capitalism: the consumers try to get the lowest price while the vendor try to sell their product at the best price.
1 capitalism creates unequal distribution of wealth and material goods. socialism better distributes goods and wealth according to each persons needs.
2 capitalism, factory and shop owners b/c they like individually making the money. socialism, factory workers b/c they like having the money evenly distributed throughout the work force.
3 capitalism b/c the factory owners don't care how much money the customers or the employees make as long as their happy.
1-in socialism the government owns everything and the people are just tenits, but in capitalism, the people own most of the land and businesses.
2-the factory worker and owner and shop owner would most likely like capitalism better because it gives them the options as far as running their own business and raising their wages through strike and unions. the unemployed artisan would like the socialism better because he would get more unempolyment benifets and he could get job more easily in that economy.
3-in the west parts of the world, capitalism is more popular. europe and north america is dominated by capitalistic economies but asia is more socialistic/communist.they have a larger work force and lower wages their though.
1) Factors in Capitolism are Privatly owned and the factors in Socialism are publicaly owned, the money is invested by private businesses in Capitolism and in Socialism this is funded by welfare.
2)Factory worker, owners, and shop owner would most likely like capitalism better because it gives them the options like running their own business. Unemployed artisan would most likely like the socialism better because it would get more unempolyment benifets and he could get job more easily.
3)Capitalism because we have more personaly owned places than not.
1) Factors in Capitolism are Privatly owned and the factors in Socialism are publicaly owned, the money is invested by private businesses in Capitolism and in Socialism this is funded by welfare.
2)Factory worker, owners, and shop owner would most likely like capitalism better because it gives them the options like running their own business. Unemployed artisan would most likely like the socialism better because it would get more unempolyment benifets and he could get job more easily.
3)Capitalism because we have more personaly owned places than not.
1.Capitalism:is an economic system in which the factors of production are privatley owned and money is invested in business ventures to make a profit.
Socialism:the factors of producation are owned by the public and operate for the welfare of all.
2.Factory Worker:socialism
Shop Owner:capitalism
Factory Owner:capitalism
Unemployed Artisan:socialism
3.Socialism: it helps the people that work under people or that work for themselves by protecting them and making sure there is not hard hard labor.
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