The Industrial Revolution resulted in many huge changes in society, including a growth in capitalism. The social and political effects have produced a great amount of debate. Andrew Ure, Karl Marx, and Adam Smith all had differing views on industrial capitalism and opinions about what its social consequences would be. Ure’s “The Philosophy of Manufactures,” Marx’s “The Communist Manifesto,” and Smith’s “Inquiry into the Nature and Causes of the Wealth of Nations” all portray their perspectives. In Andrew Ure’s “The Philosophy of Manufactures,” he shows his support for the Industrial Revolution. Ure believed that all of the improvements in technology made workers’ lives easier. The new technology allows workers to produce more products in less amount of time, which would equal greater productivity, which would then equal more wealth for companies and for the country. Ure makes an argument that the people who work in factories have better lives than those who live and work on farms, because of the advanced technology that factory workers have access to. Ure also presents the argument that factory workers are not necessarily treated unfairly just because they do not receive breaks while at work. His argument is …show more content…
He believes that the wealth of the nation is increased by the increase of production, the increase of trade, improvement of technology, and expansion of the nation’s market. He believes that all of these things can be the result of division of labor between different classes. I think that Adam Smith would agree more with Ure because these ideas align with the support of industrial capitalism, which is what Ure believed in as well. Even though Smith and Ure may not agree with industrial capitalism for the same reasons, they were both still supporters of it, whereas Marx was not as much of a
The growth of the nation has been stunted by the segregation of the business class and the working class. The capitalists claimed their effort to mechanize the manufacturers will provide an advantage to the working class. “Their tasks has become less onerous, the machine doing nearly everything which requires great strength” (Doc F). On the contrary, the workmen felt the continuous movement of the machines was “degrading man
He suggested that if Adam Smith were to extend his writings, he should include that this form of labor is not only used by small manufacturers of little value. It is also the basis of our world’s way of trade. The system of world trade is not only an example of how the division of labor is used on an international scale, but it is also makes the work of that small factory possible. Going back the discussion of the pin manufacturer, there is a long line of work involved in the creation of a pin even before the materials are brought to the factory. Miners dug up the ore for the pins, workers built the ships that the ore was transported on, and so on.
Andrew Ure was big proponents of the factory system because he thought the conditions of laboring in factories was better and safer then work in agriculture or mining. In his praise of the Factory System he talks about how he had seen people of every age and gender barely working and able to feed themselves in the previous forms of labor. He believes that the Factory System protects its workers from the weather and offers those good wages and food. John Ruskin was a massive critic of the Factory System and the conditions that workers had to suffer. Ruskin says that if you take the work from man then they lose pleasure in the work and only care about money and profit.
In Smith’s theory, he focused on the individual, but Marx preferred to pay much more attention on a specific social class. Marx says, “The distinguishing feature of Communism is no the abolition of property generally, but the abolition of bourgeois property (Marx, 1848).” For example, proletariat needed to build a new social class through revolution, and abolition of private property needed to be established in society. Marx had also offered other policies that helped to get rid of the different class distinctions between bourgeois and proletariat and distribute the wealth equally such as “abolition of all right of inheritance, exclusion of monopoly, equal liability of all to labor, and a more equable distribution of the population over the country (Marx, 1848).” These policies not only prohibited one to hold certain power and rights to rule others, but they also promoted the equal distribution of wealth in
The Industrial Revolution, lasting from the late 1700s until the early 1900s, was possibly one of the greatest time periods in this world’s history. This time period caused people to think more and dream bigger. From these big dreams rose up inventors, entrepreneurs, and business owners. The Industrial Revolution brought many new inventions and production processes, but along with great new things come great terrible horrors. While some might argue that Industrialization had primarily positive consequences for society because of the new production methods and what they produced, it was actually a negative thing for society.
In the beginning of the 19th century, the Industrial Revolution caused a massive economic spike from small-scale production to large factories and mass production. Capitalism became the prevalent mode of the economy, which put all means of production in the hands of the bourgeoisie, or the upper class. Karl Marx and Frederick Engels argue that capitalism centralizes all the wealth and power in the bourgeoisie, despite the proletariat, or the working class, being the overwhelming majority of the population. The manufacturers would exploit the common proletariat and force them to would work in abysmal conditions and receive low wages, furthering the working class poverty. “The Communist Manifesto” predicts that as a result of the mistreatment
The industrial revolution was a time of immense progress. It marked an era of technological advancements and a changing society, yet also a period smeared with unfair and unsafe working conditions. The history is filled with stories of people suffering, being injured, and even dying, all in the process of creating goods for the changing consumer culture. Thousands looked past the suffering, condoled themselves with the goods they purchased at economical prices all at the expense of the working class, a class that had no other choice than to work in the dark, dangerous factories to feed their family. While the consumer culture in this time could look past the anguish of those in the working class, progressives could not.
Through “The Communist Manifesto” one is able to imagine a conversation between Karl Marx and Adam Smith. One where Karl Marx replies to Adam Smith’s theories on the manufacturing process, wages, and the division of labor with the reality of the proletarians, that Adam Smith disregarded. In this essay, I will argue for the shadow of change that machinery has cast upon laborers and the socioeconomic changes that were triggered as a result of the Industrial Revolution and the shift to machinery in factories . When reading “The Communist Manifesto” one is
Many changes and continuities made up the era known as the Industrial Revolution, specifically in Britain, from the 1790 to the mid-19th century. Characteristics of the country’s economic, political, and social factors were affected by the advancements of the revolution. Continuities included Britain’s position as a major political power, and changes were in the living conditions of the poor within the great country. Combined, these changes and continuities helped Britain into the era industrialization, and later the world. Many continuities in the political, economic, and social aspects of the industrializing Britain remained from previous endeavors and continued into the revolution era.
The mechanical upheaval and its consequences for individuals changes. We discovered that modern generation expanded massively, conveying riches and influence to Great Britain all through the nineteenth century. Yet, we presently can't seem to investigate the impacts of industrialization on society, on the day by day living and the working states of everyday citizens. Did the new production line life improve the parts of relatives, including ladies and youngsters? Were individuals more beneficial?
Wheelan and Co.’s preface expresses how many people, even large companies, were impressed by the positive progress of the Industrial Revolution in Manchester City. Finally, after several years of mass production, the industrialization was again improved by the Factory Acts of 1844. In 1868, when Document 10 was written, the author, William Alexander Abram, states the vast improvements that have occurred on working conditions, wages, and public health. The purpose of this document is to prove to the doubtful people that the Industrial Revolution, after all, had many positive results and proved to be important progress for Great Britain as a whole.
The economic views of Adam Smith and Karl Marx Microeconomics Eduardo De Oliveira Superti Table of Contents: Abstract 3 Introduction 4 The economic views of Adam Smith 5 The economic views of Karl Marx 6 Adam Smith vs. Karl Marx 7 Examples in the world of today 9 Conclusion 10 Recommendations 11 Bibliography 12 Introduction Adam Smith and Karl Marx were completely contrasting economists throughout their time and had an enormous effect on the world and the way we view economics. They represent the ideas of capitalism and socialism.
In Robert Marks’ “The Industrial Revolution and Its Consequences, 1750-1850” Marks goes on to describe the end of the biological old regime and the beginning of Industrial Revolution that mechanized the world. In the old regime, people’s necessities all came exclusively from the land. However, in a revolution powered by coal, surplus goods could be manufactured in industries. This allowed the population capacity of the world to increase and a different set of challenges unseen in the old regime to arise.
The reading passage and the professor’s lecture discuss the Industrial Revolution and the great benefit brought by it to the United States. The author of the passage sustains that the Industrial Revolution rapidly spread in all the country for several factors that helped to proliferate it. The professor, in the same way, discusses the Industrial Revolution and he states some examples of how it has changed America. The author offers support for the Industrial Revolution stating that it originally took place in England in the 17th century and then it spread overseas. The professor concurs with the text, adding that English didn’t want the diffusion of the Industrial Revolution and it was illegal to export machines or design of them, and people
Adam Smith, an advocate of capitalism, in his book, The Wealth of Nations wrote that all individuals are selfish and by performing to the best of their capabilities towards their own selfish interests they contribute towards the nation’s collective growth. Karl Marx, on the other hand criticized capitalism and believed that socialism and communism are society’s best chance of maximizing individual happiness, about which he wrote in his book Das Kapital. In this paper, we will compare and contrast the economics theories of Adam Smith and Karl Marx on the lines of labor theory of value, division of labor, alienation of workers from labor and human happiness and surplus profit and its social implications. This paper will also discuss how… Adam Smith believes that there are two types of ‘values’ of a commodity – ‘utility value’ and ‘exchange value’. The utility value of a commodity is based on how useful a commodity is and the exchange value of a commodity refers to how much we can get in exchange for a commodity if we were to sell it.