CHAPTER 24 CHAPTER 24

CULTURAL REVOLUTION AND

REFORM

CULTURAL REVOLUTION AND

REFORM

“IF A PERSON ACTS IN HIS OWN BEST INTEREST,

HE IS ACTING IN THE BEST INTEREST OF SOCIETY”

INVISIBLE HAND

INVISIBLE HAND

HE WROTE

HE WROTE

HUCKLEBERRY FINNHUCKLEBERRY FINN

WELSH MANUFACTURER

ESTABLISHED TWO INDUSTRIAL

COMMUNITIES IN SCOTLANDEU.AND ENGLAND

WELSH MANUFACTURER

ESTABLISHED TWO INDUSTRIAL

COMMUNITIES IN SCOTLANDEU.AND ENGLAND

WHEN THE LIVES OF THE PEOPLE ARE CONTROLLED

BY THE GOVERNMENT

THIS IS REQUIREDFOR A COMMUNIST

ECONOMY

TOTALITARIANISM

THE STUDY OF HUMAN BEHAVIOR

IN GROUPS

SOCIOLOGYSOCIOLOGY

IMPROVEMENTSIN

COMMUNICATIONAND

KNOWLEDGE

IMPROVEMENTSIN

COMMUNICATIONAND

KNOWLEDGE

SCHOOLS

MUSEUMSNEWSPAPERS

LIBRARIES TELEGRAPH & TELEPHONE

MAILORDER CATALOGS

CHANGED SOCIETY

MASS URBANIZATION

MANY NEW SOCIAL PROBLEMS CREATED

INDUSTRIALINDUSTRIAL

REVOLUTIONREVOLUTION

FACTORS OF PRODUCTION SHOULD BE OWNED BYAND CONTROLLED BY

THE GOVERNMENT

FACTORS OF PRODUCTION SHOULD BE OWNED BYAND CONTROLLED BY

THE GOVERNMENT

HE WROTEON THE ORIGIN

OF SPECIES

SHE WORKED ON

HOSPITAL REFORM

SHE WORKED ON

HOSPITAL REFORM

HE WROTE THETHREE MUSKETEERS

AND THECOUNT OF MONTE CRISCO

HE WROTE THETHREE MUSKETEERS

AND THECOUNT OF MONTE CRISCO

GOOD TRIUMPS OVER EVILGOOD TRIUMPS OVER EVIL

ALEXANDER

DUMAS

THIS TYPE OF PAINTINGMOVED FROM STUDIO

TO OUTDOORS

THIS TYPE OF PAINTINGMOVED FROM STUDIO

TO OUTDOORS

THE IDEA THAT

GOVERNMENTSHOULD STAY

OUT OF BUSINESS

LAISSEZ-FAIRE

THE SCIENCE OF HUMAN BEHAVIOR

FATHER OF PSYCHOLOGY AND

PSYCHOANALYSIS

FATHER OF PSYCHOLOGY AND

PSYCHOANALYSIS

RUSSIAN PSYCHOLOGISTDEVELOPED THE

THEORY OFCLASSICAL CONDITIONING

RUSSIAN PSYCHOLOGISTDEVELOPED THE

THEORY OFCLASSICAL CONDITIONING

HE WROTE THEWEALTH OF NATIONS

HE WROTE THEWEALTH OF NATIONS

ADAM

SMITH

THE ECONOMIC SYSTEM IN WHICH INDIVIDUALS AND

PRIVATE FIRMSOWN THE MEANS OF PRODUCTION

THE ECONOMIC SYSTEM IN WHICH INDIVIDUALS AND

PRIVATE FIRMSOWN THE MEANS OF PRODUCTION

A BRITISH ECONOMISTWHO DEVELOPED THEIRON LAW OF WAGES

A BRITISH ECONOMISTWHO DEVELOPED THEIRON LAW OF WAGES

DAVIDDAVID

RICARDORICARDO

A GERMANPHILOSOPHER

AND HISTORIAN

WHO WROTE COMMUNIST MANIFESTO

ECONOMICSYSTEM

ECONOMICSYSTEM

STATES OWNS

PROPERTY

STATES OWNS

PROPERTY

NO PROFIT

NO PROFIT

ECONOMICEQUALITYECONOMICEQUALITY

STATE RUNSECONOMY

STATE RUNSECONOMY

THE WORKING

CLASS

PROLETARIATPROLETARIAT

THE MIDDLE CLASS

ENTERING A NEW LAND TO SETTLE

PERMANENTLY

ENTERING A NEW LAND TO SETTLE

PERMANENTLY

THE MASS MOVEMENTOF PEOPLE

INTO CITIES

THE MASS MOVEMENTOF PEOPLE

INTO CITIES

URBANIZATION

HE WROTETHE HUNCHBACK OF

NOTRE DAME

HE WROTETHE HUNCHBACK OF

NOTRE DAME

VICTORVICTOR

HUGOHUGO

HE WROTE WAR

AND PEACE

HE WROTE WAR

AND PEACE

LEOLEOTOLSTOYTOLSTOY

HE THEORIZED THATPOPULATION

GROWTHLEADS TO POVERTY

HE THEORIZED THATPOPULATION

GROWTHLEADS TO POVERTY

THOMAS

MALTHUS

POPULATION GOES UP

WAGES GO DOWN

POPULATION GOES UP

WAGES GO DOWN

POPULATION GOES DOWNWAGES GO UP

POPULATION GOES DOWNWAGES GO UP

The Iron Law of Wages,

1817

The Iron Law of Wages,

1817