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A collective noun designating the affluent aristocratic and upper-middle classes, which took ownership of all means of production during the process of industrialization. The term is most often used in conjunction with “proletariat” when discussing communist theories about class struggle.
An economic system in which the means of production (factories, mills, plants) are owned by private individuals or small groups rather than the government. In such a system product prices and wages are determined by competition in a free (global) market. Capitalist societies as they emerged in late 18th-century Europe became divided into two main classes: the bourgeoisie, or property holders, and the proletariat, or wage workers.
Two main problems of the capitalist system are identified in Engels’s book: the exploitation of workers by manufacturers and the production of surplus, which periodically causes economic crisis.
A political movement among the British working class that sought social change through constitutional means. It was inspired by The People’s Charter, an 1838 bill demanding major parliamentary reforms, such as suffrage for all adult men. Chartists relied on popular support in the form of petitions and meetings to pressure politicians without resorting to violence. In 1848 their largest ever petition was presented to Parliament but was rejected, initiating the movement’s slow decline.
Not to be confused with the French Revolution of 1789. The February Revolution was part of a wave of uprisings across Europe in the middle of the 19th century that sought sociopolitical change. Inspired by French socialist philosophy and motivated by economic hardships, the Parisian proletariat began protesting and demanding governmental changes, which rapidly escalated into violent clashes and culminated with the king’s abdication. This brought about the end of the July Monarchy, a conservative state dominated by the bourgeoisie, and led to the creation of the Second Republic, meant to be a type of social democracy. The February Revolution had a negative impact on workers’ movements in England as the fear of violent upheaval prompted stricter control measures and demotivated protesters.
People (originally men) who do not own any property and exist solely on their wages. As a social class, they emerge after the invention of the earliest industrial machines, such as the jenny and the loom, when the demand for weaving drove wages up and prompted weavers to abandon their small homesteads in favor of full-time work.
Social and political movements that have arguably existed in various forms since antiquity but gained traction in the 19th century in response to the extremely negative effects of the nascent capitalist system. They were articulated in their modern meaning in the early 19th century by such theorists as Charles Fourier, Robert Owen, and Pierre-Joseph Proudhon. The terms are often used interchangeably though they designate slightly different concepts. Socialism and communism also serve as umbrella terms for a wide range of subtrends, each of which proposes a different solution to the problems of social injustice.
At present, socialism has come to mean an economic and political system where social (governmental, public, collective, or some other form) ownership of property and the means of production ensures a more equal distribution of wealth.
Within socialism, communism is the collective name for several ideologically charged schools of thought, sometimes referred to as revolutionary socialism. Communism is linked to the concept of class struggle, which would culminate in a social revolution and the establishment of a classless society.
Marxism is the term, popularized posthumously by Karl Marx’s followers, used to designate the theories of historic social development and the concrete applications of communist ideology proposed by Friedrich Engels and Karl Marx.
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By Friedrich Engels