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why did socialism and capitalism develop during the industrial revolution?

i’m reading online and it doesn’t make sense, its so complicated to understand – so in an easier way can somebody explain why?

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3 Responses to “why did socialism and capitalism develop during the industrial revolution?”

  1. Bored Goblin said:

    Capitalism is what powered the industrial revolution.
    E.g. you people build railroads and steam engines b/c they know they will get filthy rich from that.

    Communism is a protest against the fact that some get rich a lot slower than others.

  2. Oldmike said:

    Before the industrial revolution, the economy was simply cows for chairs, leather for butter, etc. There simply wasn’t the manufacturing power to make all goods available to all people. The Industrial Revolution changed that. It also sparked the need for a strong economy.

    For everyone’s sake, I’m not going to get into an argument on whether capitalism is better or worse than socialism here.

    Basically, capitalism evolved because it promised that you could be the next millionaire. Socialism evolved to counter that because it promised that you would have the same fate as every one else. Neither is a bad thing, in theory. Both of these systems provided for a way to distribute the vast quantity of goods being produced. Before the Industrial Revolution, bartering was sufficient enough to make sure everyone had what they needed. After the Industrial Revolution, capitalism and socialism evolved to ensure that everyone could access these goods.

  3. simplicitus said:

    They didn’t. Capitalism predates the industrial revolution.
    http://www.historyworld.net/wrldhis/PlainTextHistories.asp?historyid=aa49
    http://www.wsu.edu/~dee/GLOSSARY/CAPITAL.HTM
    http://en.wikipedia.org/wiki/History_of_capitalism
    http://en.wikipedia.org/wiki/Amsterdam_Stock_Exchange
    http://www.monthlyreview.org/books/historyofcapitalism.php

    And while the term “socialism” is associated with the French Revolution of 1789, there were socialist communities long before then:
    http://en.wikipedia.org/wiki/Hutterite

    It is the case that the industrial revolution needed large sums to finance the new factories and so made capital and hence capitalism much more important. The capitalism that promoted industrialization is often referred to as “industrial capitalism” to differentiate from the old forms (and the newer ones)
    http://web.uconn.edu/ciom/Graz.pdf
    http://www.webdirections.org/blog/ipad-work-discipline-and-post-industrial-capitalism/

    Similarly, it is also the case that the excesses of the mill owners drove people to revolt against the inhumanity of capitalism and to socialism.
    http://en.wikipedia.org/wiki/History_of_socialism#Origins_of_socialism
    http://www.nytimes.com/2010/01/24/books/review/Mihm-t.html




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