REFORMINGTHE

INDUSTRIALWORLD

Jeremy Bentham

• Utilitarianism – Gov’t actions are useful only if they promote the greatest good for the greatest number of people

Labor Unions• Union – An association of workers, formed to bargain for better working conditions & higher wages

Labor Unions• Collective Bargaining –

Using the strength of a unified group to negotiate equal compensation for all the members of a union

• Strike – To refuse to work in order to force an employer to meet certain demands

Economic Philosophers

• What were the basic ideas of each philosopher?

Social Reformers

• How did each reformer try to correct the ills of industrialization?

Adam Smith

• Economic Freedom

• Gov’t should not interfere in the Economy

Adam Smith3 laws of Economics

1. Self Interest – People will work for their own good2. Competition – Competition forces people to better the product3. Supply & Demand – Enough goods will be produced at the lowest price to meet the needs of the people

Thomas Malthus

• Population increases more rapidly than the food supply

• Wars & Diseases are needed to control the population

David Ricardo• The poor will

always be poor

• As population rises, more workers are created therefore decreasing wages

John Stuart Mill

• Gov’t should control divisions in wealth

• Divide profits equally

• Women’s rights

Robert Owen• Founder of Socialism

• Provided Low rent housing

• No kids under 10 worked

• Provided free schooling

Charles Fourier&

Henri de Saint-Simon

• Worked to have Socialism replace free market capitalism

Karl Marx&

Friedrich Engels• “The Communist

Manifesto”• Predicted the

destruction of the capitalist state & the creation of a classless communist state

William Wilberforce• Led the fight against slavery in Great Britain & it’s Empire

Jane Addams• Ran

settlement houses to provide for the poor.

• “Hull House”

Horace Mann

• Free Schooling for all Children