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
