WORLD HISTORY

Detailed explanation-1: -Marx defined the proletariat as the social class having no significant ownership of the means of production (factories, machines, land, mines, buildings, vehicles) and whose only means of subsistence is to sell their labor power for a wage or salary.

Detailed explanation-2: -PROLETARIAT (proletarian): The “lower” or “working” classes, the members of which must under capitalism sell their labor in order to earn a living.

Detailed explanation-3: -Capitalist society is made up of two classes: the bourgeoisie, or business owners, who control the means of production, and the proletariat, or workers, whose labor transforms raw commodities into goods that have market value.

Detailed explanation-4: -Petty Bourgeoisie and Middle Class. The lower middle class or the petty (petite) bourgeoisie (the bourgeoisie was sometimes called the middle class in this era), constitutes “the small manufacturer, the shopkeeper, the artisan, the peasant” (Giddens and Held, p.

Detailed explanation-5: -During this transition, the proletariat is to suppress resistance to the socialist revolution by the bourgeoisie, destroy the social relations of production underlying the class system, and create a new, classless society.