1. CAPITALISM V COMMUNISM
NEW WAYS OF THINKING
CAPITALISM V
COMMUNISM

2. CONGRESS OF VIENNA

3. The Concert of Europe 1817
Series of alliances to protect royal power
Balance of Power
Protect empires

4. Nationalism Creates new political groupings
Conservatives - wish to preserve the old order
Social Hierarchy
Religion
Rural

5. Liberals- wish to give power to the middle class with a limited suffrage.
Laissez-faire
Bourgeoisie

6. Nationalists- those who felt
that people of one race and
culture should all be contained in one political entity called a nation-state

7. Industrialization led to
new ways of thinking about
government
Laissez Faire economists argued that government should
leave business alone to operate “naturally”

8. Adam Smith was the
leading laissez faire economist
wrote The Wealth of Nations
believed government
should not put limits on business
believed this freedom would help a nation’s economy grow

10. Smith and others supported
an economic system called
Capitalism
"A free market, the unregulated exchange of goods and services ­ would come to help everyone, not just the rich." –Adam Smith

11. In Capitalism…. Individuals owned the means of production
People invest money in business in order to make a profit – “the profit motive”
Competition creates efficiency controlled by supply and demand

12. Thomas Malthus
Population and Food Supply
"The power of population is greater than the power of  the earth to produce subsistence for man."

13. David Ricardo ”iron law of wages”
“There can be no rise in the value of labor without a fall of profits.”

14. Utilitarianism
John Stuart Mills
Jeremy Bentham

15. Utilitarianism felt that an idea
or practice was good only if it
was useful
The Utilitarians thought that the low pay and poor housing workers received were unfair consequences of capitalism

16. They thought government should work to end great differences in wealth between people
Jeremy Bentham=“The greatest good for the greatest number”

17. RICARDO-”IRON LAW OF WAGES” MALTHUS- POPULATION ALWAYS >FOOD SUPPLY
CAPITALISM
RICARDO-”IRON LAW OF WAGES”
MALTHUS- POPULATION ALWAYS >FOOD SUPPLY
UTILITARIANISM-GREATEST GOOD FOR GREATREST NUMBER
SUPPLY AND DEMAND
PRIVATE OWNERSHIP OF MEANS OF PRODUCTION

18. The Rise of Socialism
The idea that government should control the means of production for the good of the people

19. Utopian Socialists
Socialism achieved by the moral persuasion of capitalists to surrender the means of production peacefully to the people.
Robert Owen
Charles Fourier

20. Robert Owens
"In those characters which now exhibit crime, the fault is obviously not in the individual, but the defects proceed from the system in which the individual was trained."

21. MARXISM
Socialist theory that capitalist and proletarians(working class) will inevitably fight a class war, ending in working class victory Marxists believe that society is governed by economic forces

22. MARXISM SOCIAL DEMOCRACY COMMUNISM
SOCIALISM
UTOPIAN
MARXISM
(SCIENTIFIC
MARXISM
SOCIAL
DEMOCRACY
COMMUNISM

23. Karl Marx
The Communist Manifesto-1848
vanguard of the proletariat
“Workers of the world unite”
Das Kapital communism-form of socialism where a highly advanced group forces the socialist revolution to come early

24. “The inevitable struggle between social classes would lead to the creation of a classless society where all means of production would be owned by the community.”