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The Industrial Revolution

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Presentation on theme: "The Industrial Revolution"— Presentation transcript:

1 The Industrial Revolution
Chapter 9

2 The Beginnings of Industrialization
9.1

3 Farming Planting Crop Rotation Livestock

4 Why? England has large amount of natural resources Expanding economy
Political stability Has all factors of production

5 Inventions Flying Shuttle Spinning Jenny Factories Cotton Gin

6 Transportation Steam Engine Improved water transportation
Improved roads Turnpikes Railways used for mines Improve transportation of materials

7 Industrialization Spreads
9.3

8 Industrialization in the United States
Britain did not want secrets to leave Young British man leaves Pawtucket Rhode Island - mass produce thread Boston mechanized every stage in the manufacture of cloth Thousands of girls flock to factories

9 Corporations Buildings require large amounts of money
Sold shares of stock Corporations business owned by stockholders

10 Impact of Industrialization
Global Inequality gap between industrialized & non industrialized countries Poor countries valued to natural resources Imperialism

11 Reforming the Industrial World
9.4

12 Philosophers Laissez Faire Adam Smith Law of self-interest
Law of competition Law of supply and demand Capitalism factors of production are privately owned and money is invested in business ventures to make a profit

13 Socialism Utilitarianism
actions on the basis of their utility or usefulness Utopian Socialism owned by public and for all Marxism Radical Socialism Communism - complete socialism

14 Labor Unions Unions voluntary labor associations Strike
Collective bargaining


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