These are flashcards an notes made by students on topics like 'wages', 'stated' and 'liberals', originating from:

- Thomas F X Noble, et al
ISBN-10 0495897906 ISBN-13 9780495897903
647 Flashcards & Notes
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Study Cards on wages, stated, liberals

What did liberals stand for?
liberals sought to ensure individual freedom by limiting government influence through constitutional restraints
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Did smith believe the government should have no role?
no. smith stated that the government should prevent monopolies, provide education, infrastructure and a system of justice
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What theories led to the poor wages for workers?
factory owners used the theory of thomas malthus and david ricardo.
-malthus stated that if the population grew above the maximum food production, people would starve to death. to prevent this, wages should be kept low to ensure that workers didn't have to many babies
-ricardo stated that to compete on a competitive market, wages should be kept as low as people
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Were liberals in favor of universal suffrage?
some were but overall, most feared the masses and believed voting should be for the educated and rich
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