Timeline Unit 5
Published on Dec 03, 2015
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PRESENTATION OUTLINE
ADAM SMITH
- In March of 1776 Adam Smith published his book, The Wealth of Nations.
- talked about the "Invisible Hand" that guides the economy and works to promote general welfare.
- His book introduced the Laissez-faire theory.
- The Laissez-faire Theory states that government should play a very limited role in society.
THE UNITED STATES OF AMERICA
- On July 4th the United states was declared an independent nation
- grew to be a successful Capitalist nation
The Communist Manifesto
- In the "Communist Manifesto," Karl Marx published his ides about the evils of Capitalism
- Which brough forth the Ideas of Communism and Socialism with his friend Friedrich Engels.
Das Kapital Part 1
- Karl Marx's books "Das Kapital (Volume 1) was published and worked with Marx's other book,
- The Communist Manifesto" in proposing the concepts of History, Labor Theory of Value
- the Role of Instituation, and the Dictatorship of the Proletariat Das Kapital is a three volume book
- January 1st is a generic date because the original date is unpublished
CANADA
- After Canada was declaired a sovereign state in 1867
- it later began to take on socialistic characteristics like free healthcare, high texes,
- cheap/free education, etc
Das Kapital Part 2
- Karl Marx's book "Das Kapital (Volume 2)" was published with the help of Friedrich Engels
- who edited and published them after Marx Died. (January 1 is Generic)
