Socialism is the government having complete control over disputing resources to the citizens according to social status and working ability.
Before: Socialism did not occur until 1830 to 1840. It was made to improve capitalism's flaws. It was meant to make everyone equal and have a planned economy. A planned economy is when a group of workers are in charge of how the economy runs. Henry D. Saint Simon theory was that people should be raked on talent and paid according to how hard you worked. Also it should have a rationally organized economy. As for Thomas Hodgkin and Charles Halls theory was supplies should be priced according to how much was available and you should be pay according to how hard you work. During this time everyone in their country was effected. In 1871 Marxist theory came about. He said that Socialism is the displacement of capitalism and the precursor of Communism.
During: While Socialism was beginning to appear in Europe, America was experiencing the Panic of 1893. During this panic America was undergoing troubles do to the overbuilding of railroads and mines. They were connected in many ways. Due to a drought farmers could not pay their debts to the railroads and mines. Also during this time was a election, one of the canidates was Eugene V. Debs. He was a part of the Socail Democratic Party. Later he was a part of the Socialist Party of America. This party was founded in by the forming of the social democratic party and the socialist labor party of america. The socialist labor party of america was founded in 1876 and still exists. The Socialist Party of America ran Debs in every presidental election. The election of 1912 was Debs best. He had 901,551 votes and 6% of the popular vote. He ran again in 1920 but from prison and received 3.4% for the poplar vote.
After: Today there is not many socialist countries due to the founding of the communist government. However there is some small countries in Africa who practice socialism. Although there is still a socialist party in America it is very low in numbers and poorly supported.
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