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Lecture 17

History 1401E Lecture Notes - Lecture 17: Mercantilism, Invisible Hand, Laissez-Faire


Department
History
Course Code
HIS 1401E
Professor
Pierre Reynard
Lecture
17

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NOVEMBER 18 2015 LECTURE
CHALLENGE TO RESTORATION: LIBERALISM
1. Liberalism: The Ideology and its Roots
a. liber, libertas, liberalis
b. Adam Smith (1723-1790): Wealth of Nations (1776)
b.i. “Laissez faire”
c. Thomas Malthus (1766-1834)
d. David Ricardo (1772-1832)
e. John Stuart Mill (1806-1873)
f. Jeremy Bentham (1748-1832)
2. Liberalism: The Ambiguities
3. Reform Liberalism
After Britain, modern day Belgium was the first to industrialize in a similar way
In the mid-19th century, France begins to industrialize
oHappened in a very different way
oThe old ways took longer to leave the country than they did in the other countries
oRailroad Revolution
Began to appear around the country
Led the way for more trade opportunities
Germany did not industrialize until the latter half of the 19th century but when it did, it
happened very rapidly
Industrialization was not popular in the east and in the south of the continent
oThe differences between the west vs. the east and the south was more evident
There was a distinctive gradient between them
Class tensions rose during this time in relation to the transformations
Liberalism: The Ideology and its Roots
Words that end in –ism become popular during this time
oNationalism, Liberalism, Socialism, Communism
This ideologies rose in response to the conditions of the time
oAll of the –isms are connected
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