Industrialization
Industrialization in the United States began in textile industry.
Corporations rose as well bringing up the stock market, which created new businesses.
Germany industrializes and began to copy British models in 1835.
France, Belgium, Spain and more European countries begin to expand and industrialize.
Industrialization widened the wealth and industrialized poor countries by selling their resources. It also transformed societies all of the globe.
Laissez-faire economics stemmed from French economic philosophers of the Enlightenment such as Adam Smith.
Capitalism is an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
Utilitarianism is where people should judge ideas, institutions, and actons on the basis of their utility, or usefulness.
Socialism the factors of production are owned by the public and operate for the welfare of all.
Karl Marx introduced the world to a radical type of socialism called Marxism, where it argues about how human societies have always been divided into warring classes.
Communism is a form of complete socialism where all land, mines, factories, railroads, and businesses would be owned by the people.
Unionization is where employers and their workers negotiate to improve their working conditions and higher pay.
Reforms such as for slavery, women's rights, and working conditions spread all across America and caused the whole country to adapt to the people.