Industrial Revolution Introduction

Where are we at today…. Globalization The tendency of investment and businesses to move beyond national markets to other countries, thereby increasing the interconnectedness of different markets (businesses). Globalization has had the effect of increasing not only international trade, but also cultural exchange.

Why is this happening??

Activity Need four volunteers… Round 1: Part A: when I say go you can try and grab as many paper clips as possible…for every two paper clips that you grab you will receive 1 piece of candy

Activity Round 2: Part B: when I say go you can try and grab as many paper clips as possible from your section…for every 2 paper clips that you grab you will get 1 piece of candy WHAT HAPPENED??

Market Economies Protection of property rights, our laws, and open markets encourage people to make long term investments which creates…..innovation in Education, buildings, innovation, infrastructure, etc This in turn generates income over the long run, raising living standards and human well being (according to those who support globalization)

“Necessity Is the Mother of Invention” Vinyl Record>>>> 8-Track Tape>>>> Cassette Tapes>>>Compact Disc>>>>MP3 >>> The process of inventing never ends. One invention inevitably leads to improvements upon it and to more inventions