Do Now To put today into perspective:. Homework Previous reading: Read pages 739 starting with The Reform Movements Spreads to the end of the section.

Slides:



Advertisements
Similar presentations
Reforming the Industrial World
Advertisements

An Age of Reform As industrialized nations grew, many felt that governments should stay out of business’ affairs. While others felt that governments should.
Chapter 7 Section 4 New Ways of Thinking
The Great Strikes. The gap between the rich and the poor was large –9% of the wealthiest people had 75% of the nation’s wealth –Workers resented the lifestyle.
Who’s the man with the economic plan?
Reforming the Industrial World
Economics of the Industrial Revolution. The Industrial Revolution opened a wide gap between the rich and the poor. While business leaders believed the.
Reforming the industrial World. Philosophers Adam Smith  Laissez-faire Economics  French economic philosophers  Believed that government should not.
Reforming the Industrial World Ch.9 Sec.4. Background Wide gap between the rich and the poor in industrialized countries during 19 th century Business.
Reforming the Industrial World
I. The Growth of Capitalism A.Laissez-faire: Economic policy of letting owners of industry and business operate without interference from government. (“let.
Reaction and Reform: New Economic Theories
New Economic Ideologies Industrial Revolution. Do Now: What is an economic system? The system of production, distribution, and consumption of goods/resources.
The Industrial Revolution. What was the Industrial Revolution? “Increased output of machine-made goods that began in England during the 18 th century.”
Pump-Up Explain how you would change the horrible working conditions during the Industrial Revolution.
Reaction and Reform: New Economic Theories World History - Libertyville HS.
9.4 Reforming the Industrial World
25-4 “Reforming the Industrial World” The Industrial Revolution leads to economic, social, and political reforms.
25.4 Reforming the Industrial World
Chapter 9-4.  Main Idea The Industrial Revolution led to economic, social & political reforms Why It Matters Now Many modern social welfare programs.
Reform Do Now: What new ideas about economics and society were fostered as a result of the Industrial Revolution?
Capitalism, Socialism, Communism, and Everything in between.
The Industrial Revolution
Capitalism, Socialism, and Communism. Capitalism “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but.
Vocabulary Adam Smith- Wrote “The Wealth of Nations” and promoted the economic theory of capitalism. Laissez-Faire- French term meaning the government.
Reforming the Industrial World
Chapter 9 The Industrial Revolution Essential Question Discuss the following questions with your neighbors and be prepared to share with the.
Reforming the Industrial World
A Tale of Two Economists
Section 3-Industrialization Spreads. Industrial Development in the United States During the War of 1812 the British blockade forced the U.S. to develop.
 Progress increased gap between rich & poor Some felt government should stay out of business & economic affairs Others felt government should play an.
R EFORMING THE I NDUSTRIAL W ORLD Section 4 Ch. 25.
Learning Objective: – Today I will be able to compare socialism and capitalism by creating a T- chart to write a small summary. Agenda 1.Learning Objective.
Capitalism, Socialism, and Communism
Reforming the Industrial World Section 9.4. The Philosophers of Industrialization Laissez-faire economics – ability of economy to function w/o gov’t interference.
WHAT MAKES YOU STRIKE?. GULF BETWEEN THE RICH AND THE POOR Industrialization had lowered the price of consumer goods Most factory workers couldn’t afford.
Review Question What happens as a result of Urbanization and Industrialization? Negative & positive. What happens as a result of Urbanization and Industrialization?
Competing Philosophies of the Industrial Revolution.
Positives:  Adam Smith- laissez faire (let people do as they please) Wealth of Nations: economy will prosper without government interference  Privately.
Reforming the Industrial World. Capitalism An economic system in which businesses and industry are privately owned and money is invested in business to.
Reforming the Industrial World
Capitalism Socialism Individuals and businesses own property and the means of production Progress results when individuals follow their own self interest.
An Age of Reforms Chapter 9 Section 4. The Philosophers of Industrialization Laissez faire- refers to the economic policy of letting owners of industry.
Philosophers of Industrialization Pages YOU NEED YOUR NOTEBOOKS TODAY!! Silently define the following words in your notebook. Use the glossary.
25.4 Reforming the Industrial World The Industrial Revolution leads to economic, social, and political reforms.
Reforming the Industrial World 9.4 Part I.  Laissez-faire: Economy and its market that functions w/o gov’t regulation or intervention  “let it be” in.
As the Industrial Revolution continued to grow and spread, new philosophies developed about how these changes affected the people in the factories and.
Study Questions (only copy capitalism side). Review English 1 st to Industrialize. (why?) Industrialization Spreads (Where does it spread?) Mechanization.
Industrial Revolution Section 4
The Industrial Revolution
25.4 Reforming the Industrial World
25.4 Reforming the Industrial World
25.4 Reforming the Industrial World
Reforming the Industrial World
Chapter 25 Section IV Age of Reform.
Industrial Revolution & World War I Unit
Reforming the Industrial World
Philosophers of Industrialization
Industrial Revolution Day 3
Capitalism, Communism, and Reform
Capitalism vs. socialism
Reforming the Industrial World
Capitalism vs. socialism
Bell Ringer How did the middle class structure change as a result of the Industrial Revolution?
25.4 Reforming the Industrial World
Reforming the Industrial World
Reforming the Industrial World
Capitalism & Socialism
Ch.25.4 The Age of Reforms (old book)
Reforming the Industrial World
Presentation transcript:

Do Now To put today into perspective:

Homework Previous reading: Read pages 739 starting with The Reform Movements Spreads to the end of the section. Show me your notes! Answer the following questions (in your notes) on page 742: Question #14, 15, 18 & 19. All due on Thursday.

Question Why do most Americans fear or hate the ideas of Marx, John Stuart Mill and even Robert Owen? Please explain and be ready to share. Oh yeah this is for a quick quiz grade! Answer – Most people fear them because they feel that what is the point of working hard if your hard earned money and investments can be given away potentially to someone either not willing to as hard as others or even work at all.

Socialism and its radical side Who is this person? Karl Marx – Along with a man named Engels, created a book called the Communist Manifesto. In it he discussed the workers (middle class aka the haves not) which he called the Proletariat. He also discussed the upper class or the “haves” which he termed the Bourgeoisie. For things to change there needed to be a revolt by the Proletariat overthrowing the Bourgeoisie and all that supported them.

Capitalism vs. Socialism Cap = Capitalism and Soc.= Socialism 1. Cap= individuals own property and the means of production. Soc. The state should own the property and production 2. Cap.= Progress occurs when individuals follow their own self-interest (desire). Soc.=Progress occurs when the community cooperates together for the good of everyone 3. Cap.= Businesses compete with other business for the consumer’s money. This keeps prices down. Soc. = No need for competition if the state is regulating everything. Prices will be set.

Capitalism vs. Socialism 4. Cap =Consumers compete to buy the best goods and services at the lowest prices. Soc. = Distribute goods according to each person’s needs. 5. Cap.= Government should not interfere with the economy. Soc. = Distribute goods according to each person’s needs. (yeah, it repeats!) Under Marx, he felt that large businesses would drive smaller companies out of business, leaving a smaller number of big companies to dictate prices at poor people’s cost. The Proletariat would overthrow the factory owners and the government.

Overthrow Private property would cease to exist. The workers would equally be in control of production and other costs (salaries) and share in the profits together. The government would serve as “Dictator of the Proletariat” setting up and running schools and other managerial roles and then eventually dissolve itself or become almost invisible. The Communist Manifesto came out in book in 1848~1849. Eventually gained momentum in China (early 20 th Century and then later in 1930’s and 1940’s, then Russia during World War I, North Korea, Cuba and Vietnam).

Afterwards The workers began gather and organize. The banding together was called a Union. The power of the unions was in “collective bargaining”. The ability to agree to a contract and improve wages. If the union does not agree then they go on strike and the factory shuts down. The more skilled the group (carpenters, Iron workers,..) the better the leverage with the factory. The development of the unions was slow and difficult

Formation of the unions In England, the government opposed unions. They felt the unions would harm the economy and ultimately the society. The British passed the Combination Acts of 1799 and 1800 forbade union memberships and striking. Unions formed anyway and eventually the British government repealed the law. In the US the first union was AFL (American Federation of Labor). They won a series of successful strikes for higher pay and shorter hours.

Reforms The unions forced politicians and factories to improve conditions. New laws were passed – for example in England, they passed the Factory Act of It made it illegal to hire children under age 9. Children between 9 and 12 could not work more than 8 hours a day. Children 13 to 17 could not work more than 12 hours a day. In 1842, the Mines Laws were passed stopping women and children from working in the mines.