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 2/20/11 by no later than 11:59p.m.
16 comments:
1. Capitalism is when one person owns a property and Socialism is when a group of government people own a property.
2. The business owners would pry rather have capitalism, so they could have more of a profit.
3. The most widespread i believe is socialism because the government owns a lot of land that you have to buy from them or rent.
1. capitalism is owned, operated, and traded for the purpose of generating profits for private owners.Socialism is from each according to his ability, to each according to his deeds
2. capitalism because they own their own business
3. socialism because in oconto the main amount of businesses are owned and managed by one owner
1.)Capitalism is an economic system where resources — whether monetary or otherwise — are privately owned, whereas socialism is a system where goods are owned by the state or the public
2.)under socialism the factory worker, and unemployed artisan. because they believe that the unequal distribution of wealth is unfair. under capitalism the factory owner and shop owner because they believe that the government should be kept out of stimulating the economey
3.)The economic idea that seems to be the most widespread is the idea of capitalism
1.) capitalism is an economic system in which the factors of production are privately owned and money is envested in business. Socialism is the factors of production or owned by the public and operate for the welfare of all.
2.) Capitalism, individuals and businesses own their own property and the means of production.
3.)Capitalism is unconcerned today.. Socialism is concerned. Making capitalism is more widespread. Because if you own the property then you get all the money.
1.) capitalism is an economic system in which the means of production are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the free market; profit is sent to owners who invest in businesses, and wages are paid to workers employed by businesses and companies.
socialism is an economic and political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources.
2.)For Capitalism: business owners(such as shop, and factory.)Because they like to follow there own rules and like to have power over ppl.
For Socialism: unemployed artisan factory worker. Because they don't like ppl taken' over them.
3.)Socialism, Because A socialist society is a social structure organized on the basis of relatively equal power-relations, self-management, dispersed decision-making.
1.) Capitalism believes that individuals have the power. socialism staes that certain people have the power over others.
2.) The business owners and factory owners would most likely prefer capitalism because according to it they have power over workers. The factory worker and artisan would prefer socialism because in that, the government protects them.
3.) Capitalism because most countries are democratic, in which the people have most of the power and not the government.
1) Capitalism is when the government has more power then you do. Socialism is the community or state shold own there own property and the means of production
2) Capitalism bc you get more money.
3) Capitalism bc most people want more money then less.
1.Capitalism is an economic system where resources , whether monetary or otherwise , are privately owned, whereas. Socialism is a system where goods are owned by the state or the public.
2.I would Prefer socialism and i dont knowwhy either.
3. Capitailism because it effects everybody .
1. Capitalism is founded on the belief that competition brings out the best in people. Socialism, on the other hand, believes that cooperation is the best way for people to coexist.
2. I think a shop owner would like capitalism more because because its self-intrest by competing for consumerLs money. A factory owner would like socialism more because capitalism creates distribution of wealth and material goods.
3. Capitalsim because the the buisness follow their own self-interest by competing for the consumer's money. And today the BIGGEST thing in life aperently is a big deal.
1.)Capitalism is an economic system in which the factors of production are privately owned and money is invested in busness ventures to make a profit.
Socialism is the factors of production are owned by the public and operate for the welfare of all.
2.)Factory worker,Shop owner, are the capitaliam and the reason why is b/c they got more money than the others. Factory owners and Unemployed Artisan are the socialism and the reason why is b/c they got the less amount of money than the others did.
3.)The economic forecast underlying the Obama administration’s new fiscal 2012 budget shows moderately stronger growth this year than in 2010, continued subdued inflation and a stubbornly high jobless rate of 9.3 percent this year and 8.6 percent in 2013.
1) Capitalism is an economic system where resources — whether monetary or otherwise — are privately owned, whereas socialism is a system where goods are owned by the state or the public.
2) capitalism-shop owner. they follow heir own self-interest by competing for the consumer's money. each busimess tries to produce goods of services that are better and less expensive than those of competitors.
socialism-factory owner. they believe that employers take advantage of workers and has an unequal distribution of wealth and material.
3) capitalism because we are still competing for money. also the governmen should not interfere in the economy because competition creates efficiency in business.
1. Socialism strives more for the equality of EVERYBODY. Where capitalism is more intended for individual rights.
2. The factory owner or shop owner would go more for capitalism, while the unemployed artisan or factory worker would want socialism more.
3. I would have to say that Capitalism is. Socialism has turned into a more communist type of economy style. Capitalism is mostly for the greedy, like most of our politicians, corporate businessmen, and wealthy landowners.
1) Capitalism is when individuals own things by themselves. Socialism is government-ownership of materials.
2) The business owners and factory owners would want capitalism in order to have power over workers. The factory worker and artisan would like socialism because then, the government protects them.
3) Capitalism because there are many entrepreneurs that have ownership of their business. However, the Obama administration has made moves to creat a more socialistic economy.
1. capitalism is owned, operated, and traded for the purpose of generating profits for private owners.Socialism is from each according to his ability, to each according to his deeds
2. The business owners would pry rather have capitalism, so they could have more of a profit
3. socialism because in oconto the main amount of businesses are owned and managed by one owner
1.)Capitalism - an economic system based on private ownership of capital.
Socialism - a political theory advocating state ownership of industry.
2.)Capitalism because they would have power over their workers.
3.)Probabaly socialism because the government owns most anything now a days.
1) capitalism is where property is privatly owned. Socialism is where it is owned by the government.
2)capitalism because it helps the owners more and gets them more out of it.
3)I think the most spread would be capitalism because more people spend money to create a business.
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