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New Ideas Society (Effect on society (Standard of living: level of…
New Ideas Society
Effect on society
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For some nations, industry brought it large power
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Economics
Robert Owen
socialism
Socialism: for the good of all, society or the government, instead of individuals, should own property and control industry
Karl Marx
communism
The system in which the government owns almost all the means of production and controls economic planning
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Starting in the late 1700s, some people said that governments should not interfere with business
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