StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Balance in the Economy: the Rich and the Poor - Essay Example

Cite this document
Summary
This essay analyzes the letter, where it is said that working on the farms has been the only income source for Manors in the past one thousand years with the focus being on the level of poverty and the strenuous natures of the work. Children from wealthy and powerful families escaped this fate…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Balance in the Economy: the Rich and the Poor
Read Text Preview

Extract of sample "Balance in the Economy: the Rich and the Poor"

Children started working for many factories, Mines, and shops that needed help, and there were not enough men or women to meet the increasing labor demands. Children were seen as cheap, plentiful, and easy to control labor. Orphanages and even parents would give up their children to the cotton mills owners and other operators in exchange for sustenance. As young Children, we had to do the most dangerous and difficult jobs like coal mining, and fixing broken machinery. The coal mines were the worst because young children had to travel through the mines with poor lighting and often carrying loads.

Working from six in the morning to nine at night with no meals and a long distance from home the children suffered. If late for work, the children were often beaten, and if we worked slowly, or fell asleep at the machines, the supervisors could hit us using a strap. Women and children offered cheap labor and could work for less than a man would accept. Spending so many hours a day over factory machines often left us with bowed legs and poorly developed limbs and muscles. If one of us not "lucky" enough to be employed in these mines, he had the unpleasant option of living on the streets, which was accompanied with raw sewage, rotting animals, vegetable wastes, rats, disease, and putrid water.

They also had to find food and a place to stay in when it is rainy and cold. Karl Marx was an idealist. He envisaged the cruelties and injustices that children endured during the period of the industrial revolution. It was from the events that Marx developed the communist idea. Karl Marx was one of those reformers proposing and arguing for the reforms through the Communist Manifesto. His goals of the communist party were to end the exploitation of the working class and create a society with equality and no social classes.

Marx has helped shaped the society of the past, present and of the future. Being a liberal reformist, who acknowledges that capitalism could be changed, and inequality of the rich could be solved and terminated, I agree with Marx viewpoints and feel he is a man that has achieved outstanding experiences and he discusses the change in working hours and conditions of many workers. Karl Marx ideas of communism were to help our society to benefit while also creating an equal share of profit to the individuals.

The sole reason Marx is exceptional is because of the political philosophy that he created. His ideas have given us the will to make choices, and accept responsibility for the consequences of those choices. His attacks on capitalism and believe in independence as well as self-sufficiency is evident in his ideology that can be obtained from communist societies. The idea has given balance in the economy where the rich and the poor have both benefited to some extent and workers are treated fairly.

In conclusion, that is how life in our time was my friend.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Write a letter to a friend what it was like being a 19th century Essay”, n.d.)
Write a letter to a friend what it was like being a 19th century Essay. Retrieved from https://studentshare.org/history/1608940-write-a-letter-to-a-friend-what-it-was-like-being-a-19th-century-worker-involving-karl-max-and-robert-owen-odeas
(Write a Letter to a Friend What It Was Like Being a 19th Century Essay)
Write a Letter to a Friend What It Was Like Being a 19th Century Essay. https://studentshare.org/history/1608940-write-a-letter-to-a-friend-what-it-was-like-being-a-19th-century-worker-involving-karl-max-and-robert-owen-odeas.
“Write a Letter to a Friend What It Was Like Being a 19th Century Essay”, n.d. https://studentshare.org/history/1608940-write-a-letter-to-a-friend-what-it-was-like-being-a-19th-century-worker-involving-karl-max-and-robert-owen-odeas.
  • Cited: 0 times

CHECK THESE SAMPLES OF Balance in the Economy: the Rich and the Poor

Read the attached article and answer the questions

Furthermore, the tax levied on people of different level causes big inequalities; it is evident that the rich and the poor are taxed at the same rates.... The first cause of income inequality is because the countries which were rich economically started intensifying as from the 19th to the 20th century than the poor nations (Beddoes 4).... For example, the share of national income by the rich has doubled in America, which is also similar to other countries like Britain, Canada, China, India, and Sweden where the biggest share of national income is taken by the rich....
3 Pages (750 words) Essay

Should Rich People Need to Pay More Tax

However, the tax system that can be applied to help close the gap between the rich and the poor in the society remains a controversial issue.... hellip; While some people argue that taxation should be done equitably to enhance justice for all, others observe that the rich should pay more tax, to ensure that the gap between the rich and the poor is narrowed down (Robert, 190).... Nevertheless, to help close the gap between the rich and the poor, and create a system of fairness, people should pay taxes based on the income that they earn....
4 Pages (1000 words) Essay

The Greatest Failure of the Current Wave of Financial Globalisation

Some people believe that globalization would increase the unequal distribution of wealth among the rich and the poor as well as the gap between the developed countries and the third world countries.... The effect of international trade on a country's economy can be examined and measured by looking at the changes in the ratio of international trade, the total export plus the total imports to the output of GDP of an economy....
11 Pages (2750 words) Essay

Factors to Evaluate a Poor or Rich Nation

From the days of the industrial revolution, rich countries have benefited from economic globalization than the poor nations.... If let in the current state, the rich will get richer while the poor will get poorer.... However, anti-globalization movements argue that it is the rich nations that benefit.... The general economic globalization does seem to have only helped the rich nations in achieving their high revenue base.... It is worth noting that the structure and the politics of economic globalization currently favor the rich nations....
6 Pages (1500 words) Essay

The role of the IMF in helping poor and debt-troubled countries

This puts the IMF in the role of a gatekeeper; for a poor country to get loans from other areas, they must first have a loan with IMF (Multinational Monitor Magazine, 2000).... The loan is open to all member states regardless of their economic state; whether poor,... These countries experience a situation where their imports and other income sources cannot balance off what they owe....
4 Pages (1000 words) Assignment

The Real Problem of American Economy

Labor is readily available in the market, but the poor wages discourage workers to apply for the job.... It is for Wall Street, the very rich and big businesses instead.... One lie states that the rich tax cuts tickle down all the way to everyone else, but taxing the rich highly leads to slow job growth and hurts the... Reich believes that with correct remuneration, better economy and society are not a farfetched idea....
5 Pages (1250 words) Assignment

How Should Free Democratic Society Handle Income Inequality

This essay talks about the income inequality which is basically he rift between the rich in a population and the rest of the people who are at a much lower income level.... The essay "How Should Free Democratic Society Handle Income Inequality" talks about the income inequality which is basically he rift between the rich in a population and the rest of the people who are at a much lower income level.... In as much as it is growing, the US still has the best and effective taxing systems where the rich, as well as the rest of the people who fall under lower social status, are taxed accordingly....
6 Pages (1500 words) Essay

Economic Development and Environmental Protection

If this situation is allowed to continue unchecked, within a few years, there would be no forests left in developing countries except in zones which are dedicated to habitat protection and forest preservation where armed guards protect the trees (rich, 1994).... While a certain amount of pollution can be handled by nature, excess pollutants and greenhouse gasses such as carbon dioxide and other chemicals upset the delicate ecological balance....
5 Pages (1250 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us