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 1/22/12 by no later than 11:59p.m.
14 comments:
1) Capitalism is an economic system where resources are privately owned, whereas socialism is a system where goods are owned by the state or the public.
2)factory worker-socialsism, shop owner-capitalsim,factory owner-capitalism, unemployed artisan-socialism, because factory owners would want money and employees would want a fair work place and pay.
3) I think that it is socialism because of all the laws we have and most people do have a good job and one they like. Socialism makes the persons job fair.
1) Capitalism is an economic system where resources are privately owned, whereas socialism is a system where goods are owned by the state
2)factory worker-socialsism, shop owner-capitalsim,factory owner-capitalism, unemployed artisan-socialism, because factory owners would want money
3) I think that it is socialism because of all the laws we have
1) Capitolism is an economic system in whichthe factors of production are privately owned and money is invested in buisness ventures to makee a profit. Socialism is whe nthe factors of production are owned by the public nd operate for the welfare of all.
2) Factory worker- Socialism, Factory owner- Capitalism
Unemployed Artisan- Socialism, because factory owners would want money and employees would want a fair work place and fair pay.
3) I think socialism because of all the laws we have and we take a lot of votes for things and the people are really involved.
1. Capitalism is an economic system in which the factors of production are privately owned. Socialism the factors of production are owned by the public.
2. Factory owner for capitalism because you have a single boss. And a unemployed artisan for socialism because they could get more recognition.
3. Capitalism is more "today" because people may own companies, but the people who work in them may not know who owns it..
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Capitalism is more privatly owned and money is invested onto bussiness to make a profit. Socailism is more public and operate for the welfare of all.
A factory worker and unemployed artisan would like socialism cause its more public so they have a chance of making money. The factory and shop owner would like capitalism because they would get more money without interference.
I think socailism because it is better for the people and not just for the rich. It helps everybody, it was made for the peopl.
1.) Capitalism is an economic system where resources are privately owned, whereas socialism is a system where goods are owned by the state or the public.
2.)factory worker- socialism, shop owner-capitalsim,factory owner-capitalism, unemployed artisan-socialism, because factory owners would want money.
3.) i think capitalism because i think things more privatly owned are more protected and effective.
1capitalism is on your own...socialism is a group of people.
2factory owners are capitalism unemployed people are socialism.
3socialism because everyone goes with everyone now days. because of the internet
1- Capitalism production is privatly owned and in socialism production is publicaly owned.
2- factory worker and shop owner would prefer capitalism cause its privatly owned. The unemployed artisan would want socialism cause it operates for the welfare of all.
3- Socialism. cause there are a lot of people that are on welfare today.
1)By definition, capitalism is an economic system in which the factors of production are privately owned and money is invested in buisness ventures to make profit. Socialism is when the factors of production are are owned by by the public and operate for the welfare of all. So essentially in capitalism, it seems as though only some people have benefits and in socialism everyone seems to be treated equally.
2) Shop owner and factory owner would prefer capitalism and the worker and artisan would prefer socialism. The owners would get more benefits and more money in capitalism. And in socialism, the worker and artisan would probably get relatively the same pay and benefits.
3) Capitalism. Socialism is basically a nice word for communism and there aren't very many communist countries anymore... that we know of.
1) Capitalism is where one person owns a company, but socialism is where many people own the same company, therefor creating a corporation.
2)The factory worker and the unemployed artisan would prefer socialism because they would be getting as much money as the factory or shop owner. The factory and shop owners would prefer capitalism because they would have a higher status than the factory worker or the unemployed artisan.
3)Capitalism, we have a capitalistic society in america and many nations followed our lead in things.
1. Capitalism is more private and allows the survival of the fittest. Socialism is more public and everyone is pretty much equal.
2.A factory worker and unemployed artisan would like socialism because it is more publicly owned and they would have a greater possibility of getting money. The factory and shop owner would like capitalism because they can make more of profit and be better than everyone else.
3. In the U.S. definitely capitalisim. We are in a free country. People can compete for the best product but that also means others will fail.
1) Capitolism is an economic system is factors of production are privately owned and money is invested in buisness. Socialism is factors of production are owned by the public. For the welfare of all.
2) Factory worker- Socialism, Factory owner- Capitalism
Unemployed Artisan- Socialism, because factory owners would want money and employees would want a fair work place and fair pay.
3) I think socialism because of all the laws.
1) Capitolism is an economic system is factors of production are privately owned and money is invested in buisness. Socialism is factors of production are owned by the public. For the welfare of all.
2) Factory worker- Socialism, Factory owner- Capitalism
Unemployed Artisan- Socialism, because factory owners would want money and employees would want a fair work place and fair pay.
3) I think socialism because of all the laws.
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