Warm up – Monday 2/13 Words of the day: Textile, Commodity

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Presentation transcript:

Warm up – Monday 2/13 Words of the day: Textile, Commodity Define these words Textile: Type of fabric, any cloth or goods produced by weaving ex: wool Commodity: A raw material or agricultural product that can be bought or sold Come up with two synonyms or examples for each word Textile: Fabric, clothes/cloth Commodity: Coffee, cash/staple crops, tobacco, metals

Industrial Revolution around the world 1750-1900

Industrialization – what is it? the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.

Industrial Revolution - Europe Begins in England - late18th century Underlying causes Agricultural revolution leads to population boom Abundance of natural resources – coal, iron ore Colonies abroad with abundant raw materials Rise in factory and mining industries Creation of a middle class Women and children workers Women’s suffrage – right to vote Labor unions

Industrialism in Europe by 1850

Manufacturing output 1750-1900

Industrial Revolution - United States Spread to United States – mid 19th century Factory system Assembly line, unskilled labor, cheap Steel – Bessemer process Railroads, sky scrapers Cotton production Cotton Gin Rejuvenated Slavery Increase in world market share of finished products

Industrial Revolution – Middle East Many Middle Eastern governments resisted economic and social change Ottoman Empire - Tanzimat reforms Introduction of paper money, standardized school system, abolition of slavery Egypt - Muhammad Ali Improvements in infrastructure – railroads, canals, irrigation systems Textile manufacturing, Cash crops – Cotton, tobacco Still cannot compete with level of European industrialization

Industrial Revolution – India Like the Middle East, India’s share in the global market begins to decrease Continue to produce but take a significant hit due to Europeans self producing ship building iron working textile industries A weakened India will fall victim to British Imperialism in mid 1800’s

Industrial Revolution – South Africa Discovery of diamonds and gold in South Africa – late 19th century British Imperialism Conquered the independent states of South Africa in 1880’s Limited rights of black South Africans Forced taxation Migrant workers - forced to live in mining compounds until contract was up.

Industrial Revolution – East Asia Meiji reforms Japan - 1868 Meiji Restoration – Emperor restored to supreme ruler, end of feudal Japan Trade treaties with European nations and U.S. Westernization – modeled government, economy, and societies after western powers Self strengthening Qing China – 19th century China not benefiting from foreign trade – limit port openings Opium From British harmful to Chinese Westernize industrially and militarily to self-sustain

Outcomes of the Industrial Revolution around the world The need for raw materials leads to increased global interactions, trade, colonization, and exploitation of workers Western Europe and the United States become leaders in industrialization Asia’s market shares decline Economic Theories Capitalism vs. Utopian Socialism Beginnings of transnational businesses, stock markets, the gold standard, and insurance United Fruit Company – U.S. company operating in Central America