The Industrial Revolution: Capitalism's Rise and Societal Shifts in 19th Century Spain
Classified in Social sciences
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The Triumph of Capitalism: The Industrial Revolution
Capitalism emerged as a new economic system, built upon economic liberalism and private ownership. Its most important proponent was Adam Smith.
Capitalism: An economic system where industry and business are privately owned and operated for profit.
The Growth of Finance
Industrialization spurred the development of finance. Banks were created to facilitate payments and relations between companies, suppliers, and consumers. Public limited companies, also known as joint-stock companies, emerged, allowing for multiple owners.
Competing Ideologies
Marxism (1864)
Leaders: Karl Marx and Friedrich Engels. A radical form of socialism advocating for a revolution to overthrow capitalism.
Anarchism (1864)
Leaders:... Continue reading "The Industrial Revolution: Capitalism's Rise and Societal Shifts in 19th Century Spain" »