Credit banks created by the government to lend money

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Credit banks – created by the government to lend money to people with good ideas for businesses Insisted the government had to intervene if a good business for the economy was failing Too big to fail Louis Blanc Wrote “The National Workshop” In times of great economic distress, the government must step in and hire the unemployed so they have enough to live on and not starve to death This would make the economy start to function again
Karl Marx (1818-1883) 1848 – Marx and Frederick Engels (colleague) put out a pamphlet called “The Communist Manifesto” Das Capital (Capital) 3 volumes 1 st volume published 1867 – entirely by Marx 2 nd volume published 1885 – finished by Engels 3 rd volume published 1894 – based on Marx’s notes Materialism – it is the economic system that determines everything about a society “Economic base” Superstructure – what is on top of the economic base Dialectical – if you come up with a thesis (idea) you can come up with the antithesis Put them together in conflict and you get the synthesis Synthesis becomes the next thesis, then the antithesis is determined creating the next synthesis and the cycle continues History is the account of economic systems moving through the dialectical First dialectical Primitive communism vs. private property Together they create the slave societies of Greece and Rome 1830s thesis – capitalism Antithesis – proletariat (unskilled working class) Synthesis – perfect communism The motor of this dialectical has been class warfare When there are no more social classes, there will be perfect communism forever after that Robert Owen British factory owner Built a factory town near New Lanark, Scotland Paid workers for more than the minimum wage Allowed for wages Gave families of workers a small house and garden plot Encouraged workers to work harder Increased productivity Restoration Europe Henry Kissinger Wrote “A World Restored” After 1815, Europe split into 2 parts Russia and Austria thought change was bad and did everything to resist it Together they could keep much from changing everywhere east of France Great Britain and France were the first to embrace the Industrial Revolution
Prussia tried to embrace the Industrial Revolution while rejecting the French Revolution Change in Europe Great Britain 1815 – 1 in 12 adult males had the right to vote in the House of Commons Desire to expand suffrage to include more men in the middle class The middle class was growing because of the Industrial Revolution 1832 – 1 st Reform Bill Sponsored by Lord Earl Grey (Prime Minister) Redistricted Great Britain Added a substantial number of adult males to be able to vote 1 in 8 could vote 1846 – Corn Law Led by Robert Peel (Prime Minister) Created first police force in London called “Bobbies” Wheat is called corn in Great Britain

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