Opposed by small tenant farmers Increased efficiency of farming with new techniques and technology

Capitalists will never change Need violent overthrow of capitalism Developed in response to -child labor, low wages, long hours, dangerous conditions Support the Labor Theory of Value

Natural Harbors Natural Resources (coal) Colonies for raw materials Access to Worldwide Markets

Industrial system of production where workers are brought together to produce good using machines

the growth of cities

minimum wage limit child labor legalized trade unions expand voting rights Improvements in water treatment

Supply and demand should determine prices Limit government involvement in business Increased wealth and power of Industrial Leaders

Increased Life Expectancy Increased Production of crops Decreased number of farmers

horrible living conditions -overcrowded -pollution from human industrial waste -lack of sewage and sanitation -unsafe housing

Economic System based on: -public ownership -meet needs of all -no competition -labor theory of value KARL MARX

(1818-1883) a German political philosopher and economist who founded modern socialism and wrote The Communist Manifesto with Friedrich Engels

the process of making something more mechanical or automatic by introducing machines

the period in which the production of goods shifted from hand production methods to complex machines. This period of industrialization resulted in social and economic changes. The Industrial Revolution started in Great Britain around 1750. The proces

minimum wage limit child labor legalized trade unions expand voting rights Improvements in water treatment

Supply and demand should determine prices Limit government involvement in business Increased wealth and power of Industrial Leaders

Prices are best determined by supply and demand.

Economic System based on: -public ownership -meet needs of all -no competition -labor theory of value KARL MARX

Industrial System of production where goods are produced by hand in a home or workshop

Belief that the government and business owners had a responsibility to improve the lives of the workers during the Industrial Revolution by passing laws and regulations to improve their quality of life

legalizing trade unions, setting minimum wages, and limiting child labor

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