1. Section 5: Socialism The Industrial Revolution CHAPTER 13
Section 1: Origins of the Industrial Revolution
Section 2: The Factory System
Section 3: New Methods and Business Organizations
Section 4: Living and Working Conditions
Section 5: Socialism

2. Socialism A. The Industrial Revolution caused a few people to become enormously rich. However, most remained poor including the workers who labor fueled the industry. This uneven distribution of wealth disturbed many people.

3. B. The only way to distribute wealth more evenly was to change the ownership and operation of the means of production. The means of production include the items used by human laborers to create products.

4. Socialism Socialism A political and economic system
SECTION 5
Socialism
Socialism
A political and economic system
Gov’ts own the means of production
Operate them for the benefit of ALL people – rich or poor
Does away with the profit motive and competition
EVERYONE - not just the owners – had a right to share in the profits!

5. Socialism Utopian Socialists Small cooperative settlements
SECTION 5
Socialism
Utopian Socialists
Small cooperative settlements
Everyone would work for the common good.
Share the work, share the means of production, and share the benefits.

6. Socialism Robert Owen – most influential utopian socialist SECTION 5
…believed that people who lived in a good environment would stop acting selfishly.
Built homes, schools, made inexpensive food & clothing available, encouraged unions

7. C. Socialist wanted to establish an economic system that would do away with the profit motive and competition. Socialism was based on the ideas of Karl Marx and Friedrich Engels. Marx and Engels published The Communist Manifesto in Marx said throughout history there has been a constant struggle between the haves (capitalist) and the have-nots (proletariat or working class).

8. D. Marx and Engels predicted that the capitalists would continue to amass wealth while driving the proletariat deeper and deeper into poverty. Marx told workers that their low wages were exploitive and unjust. He urged the need for violent actions that would result into a socialist revolution.

9. Eventually, after people learned the benefits of working together cooperatively a truly classless society would result “pure communism.”
In this society, Marx and Engels believed, that
each person would contribute
what he or she could, and
would receive what he or she
needed. Marx said, “From each
according to his abilities to each
according to his needs.”

10. SECTION 5
Socialism

11. SECTION 5
Socialism