USA HISTORY

Detailed explanation-1: -Communism. Marx and Engels wrote the “Manifesto of the Communist Party” in 1848, at a time of revolutionary turmoil in Europe.

Detailed explanation-2: -A communist party is a political party that seeks to realize the socio-economic goals of communism. The term communist party was popularized by the title of The Manifesto of the Communist Party (1848) by Karl Marx and Friedrich Engels.

Detailed explanation-3: -The Marxist definition of socialism is that of production for use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity. Marxist production for use is coordinated through conscious economic planning.

Detailed explanation-4: -Marxism was first publicly formulated in 1848 in the pamphlet The Communist Manifesto by Karl Marx and Friedrich Engels, which lays out the theory of class struggle and revolution. Generally, Marxism argues that capitalism as a form of economic and social reproduction is inherently flawed and will ultimately fail.

Detailed explanation-5: -The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1847-48 just before the Revolutions of 1848 swept Europe, expressing what they termed scientific socialism.