1. Lesson 7-3-4 C – Impact of Industry
Warm Up Question
Who believed that the means of production should be owned by society as a whole, not by individual people?
Entrepreneurs
Socialists
Capitalism
Stockholders

2. Lesson 7-3-4 C – Impact of Industry
Essential Question
What changes did the Industrial Revolution bring?

3. The Industrial Revolution brought many far reaching changes to Europe!
What happened to Europe?
The Industrial Revolution brought many far reaching changes to Europe!

4. How did cities change? The Growth of Cities 1800 - 1850
European cities grow dramatically… especially in Britain
Cities become the home of industry.

5. People doing whatever they can to make money
What happened economically?
Rise of Capitalism
People doing whatever they can to make money
How?
building factories
building machines
buying raw materials
producing goods
finding markets
No matter what – it’s the people controlling production, not the government

6. Create an organization of investors and all share the wealth
How did business change?
New Business Organizations
PARTNERSHIPS
Two or more people put their money together in hopes of making a profit
CORPORATIONS
Create an organization of investors and all share the wealth

7. How did the workers feel?
Rise of the Working Class
More factories = more workers needed
Problems:
Poor wages
Long work weeks (16 hours a day, 6 days a week)
Dangerous, unsafe conditions
But… workers made more money in the factory than they would have on the farm!
No laws against child labor

8. What did workers do?
Unhappy workers couldn’t fight the factory on their own…
Rise of Trade Unions
So, they formed TRADE UNIONS.
An association of workers who unite to improve wages, benefits, working conditions, rights, etc…

9. What was socialism? Workers rarely shared in the wealth of capitalism
Development of Socialism
A new idea emerged during this time called SOCIALISM
Government should own all the MEANS OF PRODUCTION (factories, land, money, resources)
This way, no one is rich…. and no one is poor – everyone shares in the wealth of the society!!!

10. Lesson 7-3-4 C – Impact of Industry
Essential Question
What changes did the Industrial Revolution bring?
Answer

11. Lesson 7-3-4 C – Impact of Industry
Before You Go Question
One of the changes brought to the world through the Industrial Revolution was
Larger farming populations
Growth of capitalism
End of trade unions
Decline of corporations