Lesson Three: The Effects of Classical Liberalism
4. Conclusion
Unfortunately, the strong influence of classical liberalism and individualism during the Industrial Revolution had some very negative consequences. Many industrialists and manufacturers, who embraced the ideas of a free-market economy and laissez-faire capitalism, ran their businesses to earn profits for their own self-interests. They believed in free competition in the marketplace and freedom from government intervention, such as regulations regarding the rights of workers. As a result, their employees often had to work longer and harder than before.
Summary Chart of Conditions during the Industrial Revolution under Classical Liberalism
Entrepreneurial
Class Conditions Working Class Conditions Work Environment 路 Those that worked were in managerial positions that did not
involve heavy labour 路
Often
took long vacations with family 路
Employed
working class people for very little money to take care of household chores 路
Wealthy -
did not share profits fairly with workers Living
Environment 路 Able to afford the finest food, clothing, and shelter in the
best parts of cities (where waste and sewage was disposal was taken care of) 路
Able to
afford medical care and education 路 City slums: Because of low wages, workers could hardly afford
rent; owning a house was out of the question no matter how hard one worked;
landlords would not improve housing because that decreased rent profits 路
Pollution:
Factories dumped their waste directly into environment nearby, which was
where workers lived. 路
Overcrowding:
City infrastructures did not support the numerous workers; clean water,
sewage and waste disposal, garbage collection was unavailable; inexpensive
housing usually nonexistent or affordable, so families lived often within one
room of rundown apartments. (No birth control meant large families; life
spans were short.) 路
Health
care: Doctors and hospitals (poorly skilled) were financially unavailable for
the average worker; illness and workplace accidents took their toll. 路
Education:
Schooling was not publicly funded; education was largely unavailable to
working class. Government Involvement
