Lesson Three: The Effects of Classical Liberalism
Completion requirements
1. Introduction
The Effects of Classical Liberalism
Duration - 1 block (80 mins + homework)
There were many positive outcomes of classical liberalism, such as the potential to amass great wealth, risk-taking and innovation. However, although people were free to participate in the economy, many still lived in poverty. As a result, people began to ask:
- Can someone who must work long hours for little pay just to survive truly be considered free?
- Is it fair that children who are poor are exploited by business owners, even though the children may choose to work?
- Are all people really equal when some (for example, women and visible minorities) do not have the same rights, such as the right to vote?
- Should not all individuals have the right to an education?
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