2) Promise of Equality vs the pursuit of profits

2) Promise of Equality vs the pursuit of profits - Promise...

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Unformatted text preview: Promise of Equality vs. the Pursuit of Profits Artisan/skilled craftsmen How the Other Half Lives: Jacob Riss o Men, women, and children all work to make ends meet o Working in their homes/tenements o Boarding people to earn more money People push to get public health regulations on where cigar makers can produce their product Cigar makers fight the regulations; to force a man to work outside his home is infringement on his liberty 1880s: debate to produce profits however without infringing on liberties (like industrial capitalism) vs. address harmful effects of industrial capitalism o Government decides to get behind the industrial capitalists o Conflict of equality vs. liberty to make profit Ideological Support for the Second Industrial System The Main Goal o Maximize profit Fixed costs Variable costs o Consequences of this approach Ideological support o Promise of equality is the promise of equal opportunity o Social Darwinism: survival of the fittest Herbert Spencer took some of Darwins ideas and applied them to people Easy way to explain racial and social hierarchy Businessmen: ethical idea to justify economic competition Laissez-faire capitalism: state should have no involvement in economy...
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This note was uploaded on 03/07/2011 for the course HISTORY 1320 taught by Professor Jessicapliley during the Spring '11 term at Texas State.

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2) Promise of Equality vs the pursuit of profits - Promise...

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