1. Hardships of early Industrial life By: Kamakoa Wong

2. The new industrial city The industrial city brought vapid urbanization. Vapid urbanization means Urbanization is a population shift from rural to urban areas

3. The factory system The heart of the industrial era was the factory's. It was the begging of a new era when every one left the farm to work in big city's.

4. Life in a mill Life in a regular mill which had adults working there was quite different from textile mills where children worked in. Some mills offered decent living and schooling but that wasn’t in the usa.

5. Life in a textile mill Life in a textile mill as a kid was hard tough rough and very very long. Average work day was 10-15 hours long with little or no breaks

6. The working class The working class where farm families people who lived In rule villages and just off the street type of guy who is looking for minimum wage.

7. The new middle class The middle class are the people who benefited the most out of the industrial revolution. Most middle class where merchants and skilled artisans.

8. Benefits The benefits to the industrial revolution were They made a law to improve working condition. Workers went on strike and created a union to protect them selfs.

9. Problems The problems of the industrial revolution were that it brought terrible hardships. Lot of people lost jobs To much supply and no demand Everything was getting expensive And low pay to the workers who have a job

10. Laissez-Faire economics Physiocrats argued that natural laws should be allowed to operate without interference. They believed that the government should not interfere in the free operation of the economy.

11. Adam Smith Adam smith was the main prophet in the Laissez-Faire economics. Author of The Wealth of Nations.

12. Malthus on population Thomas Malthus writings on population shaped economic thinking for generations. Malthus grimly predicted that populations would outpace the food and supply.

13. Ricardo on wages David Ricardo was another influential British economist. He agreed with Malthus that the poor has to many children. He created “iron law of wages” and appointed that when wages where high families had more children.

14. The Utilitarian's Utilitarian's the idea that the goal of society should be “the greatest happiness for the greatest number” of its citizens. John Stuart mill argued that actions are right if they promote happiness and wrong if they cause pain. Most middle class rejected Mills ideas.

15. Emergence of socialism Socialism: A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Created a gulf between rich and the poor. To “end poverty” and injustice.

16. The utopians Early socialist tried to build self-sufficient communities in which all work was shared and all property was owned in common. There was no difference between rich or poor with these communities. Utopian means impractical dreamers.

17. Robert Owen A poor Welsh boy, who became a successful mill owner. Unlike most industrialist he refused to use child labor. Owen insisted that the conditions in which his people lived shaped their character. He wanted to prove his theory so he build a factory in New Lanark, Scotland.

18. Robert Owen He built homes for workers Opened a school. A generally treated his employees well. He showed that a employer could offer decent living and still make a profitable business. By the 1820s many people where visiting New Lanark to study Owens reforms.

19. “Scientific socialism” Karl Marx In 1840 Karl Marx a German philosopher condemned the ideas of Utopians and unrealistic idealism. He put forward a new theory “Scientific socialism” which he claimed was based on a scientific study for history. Communism: a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

20. Marxism Marx theorized that economics was the driving force in history. He argued was “the history of class stuggles” between the “haves” and “have not's.” Proletariat: “Have not's” Bourgeoisie: “Haves”

21. Looking ahead Marxism gained a lot of popularity with many people around the world. Leaders of a number of reform movements adopted the idea that power should be healed by workers rather than business owners. Marxs practice would never be practiced as he imagined it.

22. Failures The failures of Marxist governments would illustrate the flaws in his arguments. Marx claimed that his ideas were based on his scientific lawns. Marx also predicted that workers would unite across national boarders to wage class warfare. Instead nationalism won out over working class loyalty.

23. Revolution These failures did not doom the movement instantly. In the late 1800s Russian socialist embraced Marxism. And the Russian revolution of 1917 set up a communist-inspired government. By 1900s revolutionaries around the world would adapt to Marxist ideas to their own needs. By 1990s every nation would incorporate elements of free-market capitalism.

24. Biblography The book http://dictionary.reference.com/browse/com munism http://dictionary.reference.com/browse/com munism http://dictionary.reference.com/browse/social ism http://dictionary.reference.com/browse/social ism http://www.worldbank.org/en/news/speech/ 2014/03/23/urbanization-and-urban-rural- integrated-development