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Compare And Contrast Socialism In The 1800s And Early 1900s

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Compare And Contrast Socialism In The 1800s And Early 1900s
Socialism in the Early 1900’s During the early 1900’s, one quarter of the workforce was unemployed.
During this time many people were angry at the upper class and the government for not taxing the rich more for the unemployed. The idea of socialism sounded great because the government would control business and that in theory would restore the economy.
Upton Sinclair’ The Jungle takes place in the late 1890s’ and early 1900’s and socialism is a big part of the book but in reality socialism and the propaganda they used was different than how the book showed it What is socialism and why did it sound so great in the early 1800’s and early 1900’s? Webster dictionary defines socialism as “ way of organizing a society in which major industries are owned
…show more content…
Socialism seemed to be way too popular to just disappear into thin air. There were many people rallying behind it so where did it go wrong? Well in Mark J Perry’s Why Socialism Failed, he says this “In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism may show early signs of success. But any accomplishments quickly fade as the fundamental deficiencies of central planning emerge. It is the initial illusion of success that gives government intervention its pernicious,”(Why Socialism failed).
As he explains, socialism may have had an extremely high social success at first, once things started to go wrong with it people realized how and idea like this could only work in a perfect world. It could never live up to its promises because they were bloated and wishful thinking. Once people began to realize this they stopped backing in which in turn made others stop and eventually not enough people were supporting it to carry it into the mid to late 1900’s.
Now that it's obvious why it seemed so great but fell so fast it makes it easier to understand why its was not very influential in later

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