HISTORY
THE INDUSTRIAL REVOLUTION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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factory owners
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investment bankers
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farm laborers
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industrial workers
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Detailed explanation-1: -Karl Marx and Friedrich Engels gave a clear idea about how the society should be structured in socialism. They argued that industrial society was capitalist. Capitalists owned the capital invested in factories. They accumulated wealth by the profit produced by the workers.
Detailed explanation-2: -Society was capitalist. Capitalists owned capital and profit was by workers. Condition of workers will not improve if profit is collected by capitalists. Workers should overthrow capitalism exploitation and construct a radically socialist society.
Detailed explanation-3: -Engels authored with Karl Marx The German Ideology and The Communist Manifesto, and he completed volumes 2 and 3 of Marx’s Das Kapital after Marx’s death.