Question

1. Look back at the chart you created to compare and contrast the ideas of Adam Smith, Robert Owen, and Karl Marx. Then consider what you have learned about life in the late nineteenth century. Imagine that you are reading the works of Smith, Owen, and Marx in 1900. Whose ideas do you think offer the most hope for improving the industrialized world as you see it in 1900? Why?

Answer 1

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Answer 2

Answer:

       The first thing we need to pay attention to before answering this is to the dates when these ideas were presented to the world, and their differences between each other.

        Adam Smith, the one that delivered to the world the basics of liberalism and how to have economic growth without major help of the public state, this idea was presented in the middle of the industrial revolution and it's  used almost in the same way for some countries nowadays, in this way, the state doesn't deal that much with economy, the market itself will do that due to its gains and losses during the process.

         I can say that Smith's work offers the most hope for improving the industrialized work because of the fast pace that the market has, and at that time, industries were just starting, so the resources for that were a lot more easier to have and use it in a way that the prodution grows, and without the control of the state, not having to deal with many taxes and lowering the prices.