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Essay heading: liberalism
 
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Issue: History
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Date added: October 11, 2008
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No of pages / words: 6 / 1563
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In other words, they wanted laissez-faire to be a major part of their government. Specifically, the middle-class wanted to be free from economic regulations that the government might impose to infringe on their ability to make a living. An example of a potential economic regulation that threatened the middle-classes was wage rates...
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For factory owners, the amount of pay given to workers significantly affected the profits that could be made. During this time period Britain was in a state of deflation, which led to the lower prices. Therefore, even when factories decreased nominal wages, the worker's real wages were increasing. This however, was very hard for workers to understand and their ignorance often led to strikes and the possibility of government intermeddling...
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[Online]. Available: http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0005140 [4 September 2008].
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