Industrialization Ch. 22

Vocabulary Stable Food Supply Capital Labor Entrepreneur Natural Resources Transportation Communication Stable Government

Factors of Industrialization Capital: Money If people only earn enough money to support themselves, they can never advance. Why? Labor: Workers are essential for profit Entrepreneur: someone who is a risk taker; seeks new opportunities for investment in hopes of making a profit.

Factors of Industrialization Natural/Energy Resources: Power producing resources such as timber, oil, coal, natural gas, water, electricity, and fissionable materials that produce nuclear power.

Factors of Industrialization Transportation/Communication: This allows for the passage of materials, labor, and ideas to be spread Areas with good navigable rivers, access to the sea, people who speak diverse languages, and lack of mountain barriers have an advantage.

Factors of Industrialization Stable Government: Need for law and order for future investors

Video Introduction http://www.youtube.com/watch?v=JhF_zVrZ3RQ Why did it start in 18th Century Britain? Read pp. 544-550 with Questions