Political Ideologies and World War 1: A Comprehensive Overview
Classified in History
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POLITICAL IDEOLOGIES
CAPITALISM/LIBERALISM: Created during the industrial revolution. It was the development of a liberal political belief; it is an economic system where the government plays a secondary role.
Free trade and market economy → prices up and down according to the demand of products.
COMMUNISM:
The means of production are commonly owned in classless society.
Decisions should be made to benefit the collective rather than one or several individuals.
Create classless society by eliminating the power of bourgeoisie, and creating a dictatorship of the proletariat.
SOCIALISM:
The means of production are owned by society as a whole.
Profits produced by the proletariat belong to everyone, instead of a small class of private owners.
Believes