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Industrialization and social theory

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Progress and Low income was written by Henry George in 1879. Henry George was a well-known reformer, in whose work was popular in the nineteenth hundred years, which started reform actions. In Progress and Poverty George argued the wealth made by sociable and scientific advances in the economy was owned by landowners and monopolists through rent, and that this kind of wealth (he thought has not been properly earned) is a principal cause of lower income. He believed it had not been fair that private income was attained by limiting the use of natural resources while genuine labor was burdened with heavy taxes. George said that “landowners will alone end up being benefited. Rent would boost, but wages would continue to tend to the starvation point, ” essentially meaning “the effect¦[would be] to make the few richer, the countless more helpless” (George 4). He assumed that all men were created equal and that folks are entitled to life, liberty, plus the pursuit of joy in the truest sense, like stated in the Declaration of Independence. This individual believed that inequality vulnerable to destroy American democracy. George as well discusses freedom and that it cannot can be found only 50 percent way, it has to exist wholey for it to work, for progress to occur. This individual believed that liberty and equality were at the center of progress and success. George called for a renewed dedication to the prevalent good, all of us “are in charge of the vice and misery that fester in amid our civilization” and it is to the people to repair it, he claims that individuals should not primmite any injustices and virtually any injustices which exist should be eradicated (George 3).

This piece is where he offered a case intended for land value tax. A land value tax is actually a tax where the government might tax the value of the land, which would prevent area owners and monopolies by profiting from it, but allow the value coming from all improvements designed to the land to remain with investors (Web). Wealth was written by Andrew Carnegie in 1889. Claire Carnegie was a civic leader with two different sides to him, “from 1 point of view, he was a factory despot whom underpaid his employees and ruthlessly managed their doing work conditions. But for the people of general public libraries, artwork museums, live show halls, educational institutions, and colleges that he funded¦[he] appeared to be the single finest philanthropist of the age” (Faragher 414). In the event people watch him in a positive method they saw him like a “captain of industries” where he was “responsible for bring efficiency, progress, modernity” (Cerri lecture, The Gilded Age). However if one had been employed by him they might imagine him as being a “robber junker, ” that means “immoral, money grubbing, corrupt capitalist that only cared for about the bottom line” (Cerri lecture, The Gilded Age).

Carnegies Wealth better known as the Gospel of Prosperity argued that wealth is the most suitable used if it’s distributed properly by the wealthy. He discouraged wasteful uses of money in forms of extravagance and irresponsibility. He urged the flow of money over time to lower the breaks between the abundant and the poor. He believed the wealthy should distribute their prosperity responsibly and not in ways that encourage lack of responsibility or unworthiness. Essentially, Carnegie proposed that instead of moving down cash to spouse, children or other loved ones, that the rich utilize their excess means in a accountable and thoughtful way to benefit the population. During this time and today persons wanted to earn a living to provide for themselves and their relatives, they a wanted realistic alternative (pay and conditions), a home, meals on the table, and wanted to be financially secure. The Gilded Age was obviously a “period where there is huge economic progress, industrial development, the introduction of big business and the focus of riches and power” (Cerri lecture, The Gilded Age). This time period likewise experienced a substantial amount of corruption and scandal which we get an impact of in George’s part and can understand how it is possible following reading Carnegie’s piece. This corruption took place from companies consolidating into one large business creating a monopoly and when monopolies and the federal government worked jointly which you observe with the railroads. During the Gilded Age equally Carnegie and George were influential guys of the time the two with a goal to reducing poverty and ideally removing it altogether. Although they equally shared a common goal they each had their own and specific approaches. I find Henry George’s piece more appealing since, in theory, everyone would be financial secure. George wanted everybody to have the same wealth and treated equally as well. He did not such as the idea of abundant and poor, he wanted financials to fall in involving the two two extremes.

This will allow everybody to be comfortable and capable of take of themselves. George thought it was incorrect for employers to making money off their particular employees who had been doing the actual work. George also recommended for reduced taxes. Although George’s approach sounds more pleasing than rich people releasing money to the public to the best of their particular abilities and wealthy like Carnegie “who ¦ possessed the town exactly where his staff lived and their children head to school” (Cerri lecture, The Gilded Age). I do not really know just how one could set George’s method into impact successfully as a human is actually going to become distributing the bucks which leaves room pertaining to error and poor selections. The late-nineteenth century can be described as period referred to as Gilded Grow older. As in our times, that era experienced a dramatic increase in salary inequality. In addition, it experienced a sharp increase in the numbers of People in the usa living in low income. The Gilded Age was marked simply by an increase in the size and personal influence of enormous corporations and banks. There have been extream wage gaps. The politics of American society had been characterized by severe bias and instability at that time. The age performed indeed motivate political modify, however it did not eliminate inequality in the U. S. There are “several major cycles of inequality inside the U. H. since then: the mitigation of inequality during the Progressive era, the go back to inequality in the 1920s, the fantastic equalizer that was the 1930s and the Fresh Deal, then the climb of inequality once again in the late 20th century” (Rothman). In other words unemployment is pretty high, we can never seem to make enough money, and inequality still is available today. These are problems of today that were likewise problems of past eras as well.

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Published: 02.05.20

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