Industrial Revolution Dbq

474 Words1 Page

Ever since the 18th century, thinkers like Karl Marx and Friedrich Engels have questioned the ideas and actions of capitalists. The philosophers argued against the working class’s poor working and living conditions during the Industrial Revolution. Furthermore, they opposed the unfair nature of a capitalist economy run by private companies. The selfish values capitalism promoted were amongst some of the system’s biggest concerns. Rapid capitalism during the 17th century, brought numerous problems such as poor working and living conditions, an unfair distribution of wealth, and the immoral ideas it promoted, thus giving birth to the ideas of socialism.

Poor working and living conditions fueled the desire for a system to protect the working class. During the Industrial Revolution, people worked an immense amount of consecutive hours under hazardous health conditions (Cooper, 1832). …show more content…

In “The Iron Law of Wages”, English Banker David Ricardo, stated that wages are greatly affected by the size of the worker population (Ricardo 1817).
As labor participation increased, capitalists were less willing to pay well. The cost of labor was unstable for those working. The ideals of socialism were to spread wealth among the poor evenly, ensuring everybody’s basic needs were satisfied.

Capitalism encouraged only individual pursuit without regard of the well being of others who contributed to the success. Industrialists invested in their own companies, benefitting their own desires instead of catering to the lower class’s needs. As a result, most of the wealth was controlled and owned by a small amount of people. The rich remained wealthy and most of the poor never emerged out of poverty. Capitalism destroys the idea of sharing, but instead promotes individualism. This motivated philosophers to adopt a better form of government, one that emphasized on equality and equal distribution of

More about Industrial Revolution Dbq

Open Document