Liberalism & Laissez-faire
In Liberalism, what group of people is typically referred to as the "business owners"?
The Bourgeoisie
Who are the "Bourgeoisie" in the context of Liberalism?
The business owners.
While Liberalism focuses on individual profit, what does Marxism look at primarily?
The class struggle.
What percentage of workers had access to health benefits during this time?
0%
Who does the term "Proletariat" refer to?
The working class.
According to the presentation, what is considered an "essential belief" for the Bourgeoisie?
Economic freedom
What is the primary focus or motivation for the Bourgeoisie?
Double points
Individual freedom and profit.
Who were the two main thinkers who supported and created scientific socialism?
Karl Marx and Friedrich Engels.
What proportion of families lived below the poverty line?
50%.
What major historical era led to the emergence of the Proletariat?
Industrialization (The Industrial Revolution).
Proponents of laissez-faire believe this system leads to what three positive outcomes?
New inventions, better prices, and more jobs.
What do the Bourgeoisie consider to be an "essential belief" for prosperity?
Economic liberty
Which class supported the economic deregulation and laissez-faire?
The Bourgeoisie
While Liberalism focuses on the individual, what does Marxism focus on?
The class struggle and collective welfare.
How many hours did the average factory worker labor per day?
Double points
16 hours
How does laissez-faire suggest an economy works best?
When the government does not make strict rules or taxes.
What is the term for removing government rules, which the Bourgeoisie often advocate for?
Deregulation
What historical event led to the formation of the Proletariat?
Industrialization
Name one of the "dire circumstances" faced by the working class.
Harsh working conditions or urban poverty.
What was the average daily wage for these workers?
2 Dollars
What is the primary focus of Liberalism regarding the individual?
Double points
Freedom and profit
Under a Liberal system, what happens to wealth according to the presentation's critique?
It is often concentrated among a few.
What method for change was taught by Utopian socialism?
Peaceful cooperatives and mutual aid.
True or False: Liberalism suggests that the economy works best with strict government taxes.
Double points if you say the reason
False (It suggests it works best without them).
What percentage of workers lived in overcrowded conditions?
80%