REFORMING THE INDUSTRIAL WORLD

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•Utilitarianism
– Gov’t actions
are useful only if
they promote
the greatest
good for the
greatest number
of people
Adam Smith
•Economic
Freedom
•Gov’t should
not interfere
in the
Economy
Adam Smith
3 laws of Economics
1. Self Interest – People
will work for their own
good
2. Competition –
Competition forces
people to better the
product
3. Supply & Demand –
Enough goods will be
produced at the lowest
price to meet the needs
of the people
Thomas
Malthus
•Population
increases more
rapidly than the
food supply
•Wars & Diseases
are needed to
control the
population
David Ricardo
•The poor will
always be poor
•As population
rises, more
workers are
created
therefore
decreasing
wages
John Stuart
Mill
•Gov’t should
control
divisions in
wealth
•Divide profits
equally
•Women’s rights
Robert Owen
•Founder of
Socialism
•Provided Low
rent housing
•No kids
under 10
worked
•Provided free
schooling
Charles Fourier
&
Henri de Saint-Simon
•Worked to have
Socialism replace
free market
capitalism
Karl Marx
&
Friedrich Engels
• “The Communist
Manifesto”
•Predicted the
destruction of the
capitalist state & the
creation of a
classless communist
state
William
Wilberforce
•Led the
fight
against
slavery in
Great
Britain &
it’s Empire
Jane Addams
•Ran settlement
houses to
provide for the
poor.
•“Hull House”
Horace
Mann
•Free
Schooling for
all Children
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