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16 November, 10:59

Write two paragraphs explaining the persons ideas and why those ideas offered hope for the specific issues would have faced in 1900.

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  1. 16 November, 11:44
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    If this is what your talking about ... I believe Adam Smith ideas offer the most hope for improving the industrial world. Adam Smith was an Scottish economist and philosopher in capitalism. He belived people pursuing their own interest would benefit everybody because competition would make business more cost efficient and keep the prices down. He wanted the business owners to recieve profits that were made from selling their material. Adam introduced a way of thinking about how goods and services are distributed.

    Adams ideas gave the most hope because if the prices are low then more people would be buying materials and making the business money. This is an issue I would have faced because if I had owned the business I would have kept the prices low to keep my business. And another issue was the government trying to interfere with the process.
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