results of the industrial revolution

Karl Marx

'' father of communism''

Adam Smith

''Father of Modern Economics''

results of diffusion of industrial revolution

-more urbanization( moving from one rural areas to larger cities) -development of railroads(1st steam engine invented by George Trevithick) -child labor- reform movement led to changes and brought about child labor laws. -women in the workforce -environmental changes -views about economics

Adam Smith

considered his magnum opus and first modern works of economics.

socialism

government owns the means of production

Adam Smith

he is the wealth of the nations

economics

how a country efficiently uses resources

Das Kapital

refers to religion as '' the epilate of the people''

Adam Smith

support of capitalism

Karl Marx

supported socialism and Marxism

the communist manifesto

talks about proletariat (working classes) revolting and overthrowing govt

economics

the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of human kind.

Karl Marx

thought that the economics system should run the government

Adam Smith and Karl Marx

what 2 people are economists