WORLD HISTORY

Detailed explanation-1: -Factory owners became wealthy, while many workers lived in increasing poverty, laboring for long hours under difficult and sometimes dangerous conditions. Socialism emerged as a response to the expanding capitalist system.

Detailed explanation-2: -The basis for modern socialism primarily originates with the Age of Enlightenment and the accompanying rise of liberalism and the Industrial Revolution.

Detailed explanation-3: -Socialist movements rejected laissez-faire capitalism and blamed it and the industrial revolution for horrible working and living conditions. People felt that society and government failed to protect the people. Create planned communities that were self-sufficient where wealth and property should be shared.

Detailed explanation-4: -As capitalists began to dominate the economies of many countries during the Industrial Revolution, the rapid growth of businesses and their tremendous profitability gave some owners the capital they needed to create enormous corporations that could monopolize an entire industry.