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Induatrialization (Industrial revolution in the United States…
Induatrialization
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The Rise of Socialism
Utilitarianism
In the late 1700s, Bentham introduced the philosophy of utilitarianism. Bentham wrote his most influential works in the late 1700s. According to Bentham’s theory, people should judge ideas, institutions, and actions on the basis of their utility, or usefulness.
He argued that the government should try to promote the greatest
good for the greatest number of people.
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Socialism
In socialism, the factors of production are owned by the public and operate for the welfare of all.
Socialists argued that the government should plan
the economy rather than depend on free-market capitalism to do the job.And argued that the goverment controll the economy
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