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- all the words aredirectly from the readings(please dont dock mefor plagiarizing)
- The Wealth of Nations introduced the world to a new financial system where privatecitizens owned the means of production.
- Socialism Socialism advocated for the community to own and manage the property, transportation andcommunication systems, and the natural resources rather than individuals.
- all the words aredirectly from the readings(please dont dock mefor plagiarizing )
- They owned and oversaw their businesses,farms, and the transportation and communication networks.
- individuals. Socialist theory emergedduring the Industrial Revolution but evolved quickly into different branches, which include utopiansocialism, anarchist socialism, and social democracy.
- all the words are directly from the readings(please dont dock me for plagerizeing
- the power the British East India Company had over thepolitics and economics of Britain under a mercantilist system. Under thissystem, states sought to accumulate the largest amount of wealth byhaving more exports than imports.
- Although the concept of a socialist society can be traced back to ancient Greece and was introducedto Western Europe by Thomas More’s Utopia, the widespread concept came about in the late 18thcentury as the factory system had taken root in Great Britain.
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