Consider the following people from 19th-century Britain: factory worker, shop owner, factory owner, unemployed artisan. Which of them would be most likely to prefer capitalism and which would prefer socialism? Explain why.

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the effects of the french revolution had a major impact on france and europe, which influenced and transformed these countries. about.com explains that the effects of the french revolution resulted in an established democratic institution, elections, constitutions and a modern government. these effects changed laws and the hierarchy of power.

according to about.com, the long-term effects of the french revolution were profound on humanity and society. the effects of the french revolution secured political and economic gains for the lower class. the french revolution shaped politics, religion and beliefs. it developed liberalism and eliminated traditional laws. the effects included counter-reaction tactics, which defeated napoleon and produced totalitarianism ideals.

capitalism is an economic system that works around the concept of wealth creation in the pursuit of economic growth for the nation while mercantilism focuses on wealth accumulation through extraction of wealth which they believe is measured by the amwount of gold bollions that the nation has in its possession.