1. Industrialization
Ch. 22

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

3. 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.

4. 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.

5. 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.

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

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