Industrial Age in the US (1/2): Industrial Revolution & Populism

The video explores the Industrial Revolution, focusing on economic nationalism and laissez-faire policies. It discusses Abraham Lincoln's role, the concept of trickle-down economics, and the impact of laissez-faire on business and society. The video also contrasts capitalism and socialism, highlighting the mixed economy of today. Finally, it examines the role of subsidies in economic nationalism, using the Transcontinental Railroad as an example.

What is the significance of the Industrial Revolution in relation to the 20th century?

How did Abraham Lincoln's views align with economic nationalism?

Explain the concept of Laissez Faire and its implications for business regulation.

What are the potential downsides of a Laissez Faire economic approach for workers?

Describe the trickle-down economics theory as discussed in the context of the Industrial Revolution.

How does the text differentiate between capitalism in the 1800s and today's mixed economy?

What role do subsidies play in economic nationalism according to the text?