My remarkable padlet by Haevan Morris

Industrialization and Factors of Production

haevanmorrisstu — 2023-11-15 15:04:39 UTC

Industrialization helps with the factor of production by making machines for the production of goods.

Urbanization and strike

haevanmorrisstu — 2023-11-15 15:05:54 UTC

Urbanization can either increase or decrease the percentage of strikes

Laissez-fair and Socialism

haevanmorrisstu — 2023-11-15 15:08:09 UTC

They both have to do with the government and the way it rules the people.

Middle class and Wage gap

haevanmorrisstu — 2023-11-15 15:09:58 UTC

There is a wage gap between the middle class and the lower class with the middle class getting paid more then lower class.

Utilitarianism and Capitalism

haevanmorrisstu — 2023-11-15 15:12:40 UTC

They both do with the good of the people. Capitalism would be utilitarianism.

Communism and Union

haevanmorrisstu — 2023-11-15 15:13:50 UTC

They both are about the ability for someone to work, their wages, and benefits.

Questions

haevanmorrisstu — 2023-11-15 15:19:08 UTC

What is the difference between capitalism and socialism?

Capitalism wants the people to own and control the country's trade and industry while socialism wants the government to control the means of production.

How does the United States use Capitalism?

People own their own land and control what they do on it.

How does the United States use Socialism?

The government controls our exports and gives grants to people that want to start their own business but needs money to

middle class

haevanmorrisstu — 2023-12-04 14:46:11 UTC

social class that sometimes can be split into upper and lower

made of skilled workers, professionals, business people, and wealthy farmers

Adam Smith

haevanmorrisstu — 2023-12-04 14:48:21 UTC

pioneer of political economics and Scottish moral philosopher

father of communism

wrote on the Wealth of Nations (1776)- one of the hey figures of the Scottish enlightenment

Laissez-faire

haevanmorrisstu — 2023-12-04 14:52:05 UTC

The government should not be part of economic affairs

"hands off" policy

used in a capitalistic economic society

capitalism

haevanmorrisstu — 2023-12-04 14:54:06 UTC

a country's trade and industry are controlled by private owners not by the state (government) for profit

socialism

haevanmorrisstu — 2023-12-04 14:57:39 UTC

the community as a whole (government) should own or regulate the social organization that advocates the means of production, distribution, and exchange

communism

haevanmorrisstu — 2023-12-04 15:03:21 UTC

Karl Marx

class war and leading to a society that all property is publicly owned and everyone works and gets paid according to their abilities and needs

Karl Marx

haevanmorrisstu — 2023-12-04 15:05:48 UTC

father of communism

study of history made him believe that communism would replace capitalism

believed in no classes in society

Bourgeoisie and Proletariat

haevanmorrisstu — 2023-12-04 15:08:20 UTC

Bourgeoisie- middle class (also merchants, industrialists, and professional people)

Proletariat- Marx called the exploited class (mass of workers workers who do not own the means of production)

Karl Marx, communism, & Adam Smith

haevanmorrisstu — 2023-12-12 15:19:29 UTC

Karl Marx and Adam Smith both are both seen as the father of communism. They both believed in class war that would lead to a society where all property is publicly owned. Communism has been used by both of them and other people.