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

• School: Western University
• Department: History
• Course: History 1401E
• Professor: Pierre Reynard

Document Summary

Challenge to restoration: liberalism: liberalism: the ideology and its roots a. liber, libertas, liberalis, adam smith (1723-1790): wealth of nations (1776) b. i. Laissez faire : thomas malthus (1766-1834, david ricardo (1772-1832, john stuart mill (1806-1873) f. Jeremy bentham (1748-1832: liberalism: the ambiguities, 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: happened in a very different way, the old ways took longer to leave the country than they did in the other countries, railroad revolution. 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: the 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.