The Rise of Capitalism and its Opposition Developments in the 18th century paved the way for the emergence of modern capitalism. Among these developments was the thought of British philosopher, Adam Smith. Smith tried to show the existence of an economic order that would function most efficiently if the state played a limited role. He saw in the division of labor and the extension of markets almost limitless possibilities for society to expand its wealth through manufacture and trade. The ideas of Smith provided an ideological and intellectual background for the Industrial Revolution that transformed society and the world during the 19th century. However, the development of Industrial Capitalism gained serious opposition. Abusive child labor, long working hours, and dangerous and unhealthy workplaces were common. These conditions led Germa....

Number Of Pages: 7

Number Of Words: 1911

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