WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capitalists
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Socialists
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Utilitarians
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Economists
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Detailed explanation-1: -The Industrial Middle Class Those who benefited most from the Industrial Revolution were the entrepreneurs who set it in motion. The Industrial Revolution created this new middle class, or bourgeoisie, whose members came from a variety of backgrounds. Some were merchants who invested their growing profits in factories.
Detailed explanation-2: -Socialism emerged as a response to the expanding capitalist system. It presented an alternative, aimed at improving the lot of the working class and creating a more egalitarian society.
Detailed explanation-3: -What is communism? Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.
Detailed explanation-4: -A number of early socialists, such as Robert Owen, established communities where all work was shared and all property was owned in common. These early socialists were called Utopians.