Read first-Industrialization widened the gap between the rich and the poor. At the end of the nineteenth century in Great Britain, more than 66 percent of the wealth was in the hands of less than 12 percent of the population. The miners and factory workers who the new products still faced grim conditions at home and spent long, dangerous day at work. Using the chart to analyze, compare and contrast the ideas of Adam Smith, Robert Owen, and Karl Marx, choose one of these three men whose ideas YOU think offer the most hope for improving the industrialized world as you see it in 1900 and tell why. Consider life in the late 19th/early 20th centuries. The philosopher whose ideas I think would offer the most hope for improving the industrialized world in the 1900 is______________.Describe the person you choose economic philosophy and his ideas. 2- Here, you will want to include what life was like in the industrialized world in 1900 and explain HOW and WHY you think his ideas offer the most hope for improving the industrialized world. Use evidence from the chart. Who should receive theprofits?Major accomplishments andideasBusiness owners1Wealth of Nations2Introduced anew way of thinkingabout how goods andservices areproduced,distributed, andconsumedPublished The3Thoughtgovernment shouldnot interfere in theprocessOwners and workersshould share, butgovernment controlsit.1Bought theNew Lanark textilemills and greatlyimproved living andworking conditions2Did not allowchildren under theage of 10 to work3Establishedschools4Attempted toset up a utopiansociety in NewHarmony, IndianaAll citizens1Published TheCommunistManifesto and DasKapital withFriedrich Engels2Thoughtsociety was dividedinto classes thatstruggle against eachother3 Predicted thatworkers wouldeventually revolt andoverthrow the classthat owned and ran it Nationality andprofessionComparing Smith, Owen, and Marx ChartAdam SmithRobert Owen(1723-1790)Scottish economistName of his political oreconomic philosophyOpinion of industrializationWho should own or control theresources, or means ofproduction?Who should receive theprofits?capitalism1FavoredindustrializationBelieved2competition wouldmake business moreefficient and keepprices downIndividuals who willbe guided by marketforcesBusiness owners(1771-1858)Welsh businessmansocialism1 Horrified bythe living andworking conditionsworkers facedThought thoseconditions turnedpeople into brutes2Workers shouldshare in labor andprofits, butgovernment controlsit.Owners and workersshould share, butgovernment controlsit.Karl Marx(1818-1883)Prussian journalistcommunism1Appalled bythe misery theworkers had toendure2Expected theproletariat to revoltand overthrow thebourgeoisieA "Worker" State (avast association ofthe whole nation)All citizens

Question

Read first-Industrialization widened the gap between the rich and the poor. At the end of the nineteenth century in Great Britain, more than 66 percent of the wealth was in the hands of less than 12 percent of the population. The miners and factory workers who the new products still faced grim conditions at home and spent long, dangerous day at work. Using the chart to analyze, compare and contrast the ideas of Adam Smith, Robert Owen, and Karl Marx, choose one of these three men whose ideas YOU think offer the most hope for improving the industrialized world as you see it in 1900 and tell why. Consider life in the late 19th/early 20th centuries. The philosopher whose ideas I think would offer the most hope for improving the industrialized world in the 1900 is______________.Describe the person you choose economic philosophy and his ideas. 2- Here, you will want to include what life was like in the industrialized world in 1900 and explain HOW and WHY you think his ideas offer the most hope for improving the industrialized world. Use evidence from the chart. Who should receive theprofits?Major accomplishments andideasBusiness owners1Wealth of Nations2Introduced anew way of thinkingabout how goods andservices areproduced,distributed, andconsumedPublished The3Thoughtgovernment shouldnot interfere in theprocessOwners and workersshould share, butgovernment controlsit.1Bought theNew Lanark textilemills and greatlyimproved living andworking conditions2Did not allowchildren under theage of 10 to work3Establishedschools4Attempted toset up a utopiansociety in NewHarmony, IndianaAll citizens1Published TheCommunistManifesto and DasKapital withFriedrich Engels2Thoughtsociety was dividedinto classes thatstruggle against eachother3 Predicted thatworkers wouldeventually revolt andoverthrow the classthat owned and ran it Nationality andprofessionComparing Smith, Owen, and Marx ChartAdam SmithRobert Owen(1723-1790)Scottish economistName of his political oreconomic philosophyOpinion of industrializationWho should own or control theresources, or means ofproduction?Who should receive theprofits?capitalism1FavoredindustrializationBelieved2competition wouldmake business moreefficient and keepprices downIndividuals who willbe guided by marketforcesBusiness owners(1771-1858)Welsh businessmansocialism1 Horrified bythe living andworking conditionsworkers facedThought thoseconditions turnedpeople into brutes2Workers shouldshare in labor andprofits, butgovernment controlsit.Owners and workersshould share, butgovernment controlsit.Karl Marx(1818-1883)Prussian journalistcommunism1Appalled bythe misery theworkers had toendure2Expected theproletariat to revoltand overthrow thebourgeoisieA &#34;Worker&#34; State (avast association ofthe whole nation)All citizens

Accepted Answer

The industrial revolution created a new working class, and the inequality and wealth gap between the…