Along with the Industrial Revolution came problems faced both socially and economically. With Laissez-Faire capitalism being the most prevalent economic model, a change slowly occured in response to the problems that arose due to industrialization. Utilitarianism, which is a backlash to the problems and states that when the government must get involved, then they should get involved for the greatest amount of good for the greatest amount of people. Socialism, is the next rung on the ladder which increased government control over industries. To finally, communism which is full control by the government in all economic matters.
Your Assignment:
1.) Who is/was Karl Marx
2.) What was the Communist Manifesto
3.) Briefly explain the difference between capitalism, utilitarianism, socialism, and communism
Due: Sunday 1/29/12 by no later than 11:59p.m.
