WORLD HISTORY

Detailed explanation-1: -Socialists argued that the government should plan the economy rather than depend on free-market capitalism to do the job. They argued that government control of factories, mines, railroads, and other key indus-tries would end poverty and promote equality.

Detailed explanation-2: -Contrast the approaches of utilitarians and socialists to solving economic problems. Utilitarians believed the government should help the poorest members, the utopian socialists believed people as whole should own and operate the means of production in a separate community.

Detailed explanation-3: -Socialist ideals include production for use, rather than for profit; an equitable distribution of wealth and material resources among all people; no more competitive buying and selling in the market; and free access to goods and services.

Detailed explanation-4: -Laissez-faire capitalists believed that if the government allowed free trade, capitalism would prosper; Marxists believed that if the government allowed free trade, the capitalist economy would eventually destroy itself.

Detailed explanation-5: -What are the three main goals of a socialist economic system? A planned economy, greater equality, and ownership of income-producing property by the state rather than private parties.

Detailed explanation-6: -Answer and Explanation: Early socialists (during the first half of the 19th century), typically advocated a form of socialism that was Utopian in nature and not state-sponsored, but rather voluntary and centered on communal living. Early socialism also tended to agrarian in many cases.