Economic Ideologies and Reform Movements of the 1800s

By Amy C Gilstrap
Last updated about 4 years ago
39 Questions

Do you know where you stand on this spectrum?

What is the root word of conservative?

What is the root word of liberal?

Where would the following individuals most likey be on this political spectrum?

  • poor factory worker
  • middle class shop owner
  • farmer in a small village
  • noble
  • Conservative
  • Liberal
  • Radical
economic ideologies
focus on theories about power and government
political ideology
focus on how factors of production are managed, the level of government involvement in economics and who should be allowed to make a profit

There is no difference between an economic theory and reality.

Who owns the factors of production in a capitalist economy?

What can consumers do if they do not like a product, or the price of a product in a capitalist system?

What keeps the price of goods lower in a capitalist system?

How does the goverment make money in a captialist system?

Draw a picture of Adam Smith telling government to keep its hands out of business. Title this Adam Smith's Laissez-Faire

Why did Adam Smith want the government to stay out of buisness?

The United States is a purely capitalist system.

Who owns an manages large industries and business in a socialist system?

What is the difference between the public owning something and the government owning something?

What is the purpose of socialism?

How does government pay for the services or goods that they give to parts of their society?

What kinds of problems can come up under a socialist system?

Who owns the factors of production in a communist economy?

In theory, what is the purpose of government in a communist society?

Draw a picture of the proletariat overthrowing the bourgeoisie. Label this Marxist Communism.

What problems could arise under Marxist communism?

Do you think communism has delivered the equality that it promised to people? Why or why not?

What would life be like in an anarchist system?

What is suffrage?

The Reform Bill of 1832

What change allowed most male American citizens the right to vote?

Draw a picture of the Women's Social and Political Union protesting for the right to vote.

13th Amendment
gave slaves in Confederate states freedom
14th Amendment
abolished slavery
15th Amendment
granted citizenship to former slaves and defined citizenship
Emancipation Proclamation
protected the right to vote, no citize can be denied the right to vote based on race, color or previous condition of servitude

Why did Czar Alexander II free the serfs?

1848 Public Health Acts
created workhouses for homeless people
1834 Poor Laws
formed to clean up the city water, sewage, and drainage problems
vertical monopoly
one person or company controlling a whole industry with little or no competition
horizontal monopoly
one person or company controlls all parts of a business from start to finish (grow the food, transport, cook, sell it)
Monopoly
one person or company controls all of one part of a in industry, like owning all the trucks or railroads for transporting goods
JP Morgan
controlled the steel industry
Andrew Carnegie
built first factories in the US
John D Rockerfeller
banking tycoon
Francis Cabot Lowell
controlled the oil industry