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Chp. 25 Sec 3/4 (Marxism: Radical Socialism (Marx and Engels argued that…
Chp. 25 Sec 3/4
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The Rise of Socialism
- Bentham introduced philosophy of utilitarianism. Bentham wrote his most influential works in the late 1700s.
- Utopian ideas and Socialism
- In contrast to laissez-faire philosophy, which advised governments to leave business alone, other theorists believed that governments should intervene.
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European business yearned to adopted the "British Miracle"of profitable new methods of producing goods. Belgium was the first to adopt Britain's tech. Samuel Slater smuggled spinning wheel design to the US.
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germany was politically divided in the 1800s so there was economic isolation and scattered resources.
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