14 - 11/14 NewLiberalism 1. JohnHobson a. WroteImperialism...

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11/14 New Liberalism 1. John Hobson a. Wrote Imperialism i. Includes a theory on economics 1. due to the distribution of wealth at the top capital is drawn to the foreign countries because the poor cannot consume 2. argues for the bracketed income tax ii. Mocks imperialism 2. Leonard Hobhouse a. Redistributive taxes b. Liberalism can believe in intervention on social but not economic c. Marrying the laissez faire economics of old liberalism with the self help and thrift with a safety net d. Personal development 3. 1906-1914 a. passes legislation that reflected new liberalism b. main items in agenda i. provide lunches for school children (only for the MOST POOR) ii. old age pensions 1. not insurance based system 2. women received it too iii. wages boards 1. fix wages in sweated industries 2. idea of minimum wage iv. national health insurance for workers 1. assures the family can survive when a worker cannot work v. unemployment insurance 1. only specific industries that fluctuated vi. Loyd George increased the graduated income taxes
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This note was uploaded on 12/10/2008 for the course HISE 317 taught by Professor Bernstein during the Fall '08 term at Tulane.

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14 - 11/14 NewLiberalism 1. JohnHobson a. WroteImperialism...

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