1. Industrial Revolution Summary Society Transformed 1750-1850

2. Agricultural Revolution Movement to Cities Population Explosion Rise of Factories New family structure New Economic Rules: Capitalism vs. Communism 1750-1850 A Chain Reaction New world power structure: industrialized countries rise in power

3. Reform Movement Labor Unions form Labor Laws passed Public school become more common Quality of Life slowly improved A middle class formed

4. 1871 Germany New Countries Form in Europe 1870 Italy Greece

5. Great Britain & Germany most powerful France in the middle Italy/Russia fall behind the times... European Countries battle for ECONOMIC POWER

6. End Result of Industrialization Western Europe rose in world power Rise in inequality between countries Formation of colonies to compete for economic power Capitalism became dominant economic system Growing middle class led to increased public education Democracy rose in industrialized countries What is Ironic about this movement

7. Industrial Revolution Analysis In separate columns, list the benefits and costs of the Industrial Revolution Benefits Costs

8. Final Wrap-Up BEFORE AFTER Family Structure___________________________ Economic System___________________________ Where people lived___________________________ Where they worked______________ ______________ Middle Class______________ ______________ Strongest Countries___________________________ Transportation___________________________ Upper Class___________________________

9. Two views of Economics Karl Marx Adam Smith Wrote the Communist Manifesto [1848] Wrote the Wealth of Nations [1776] Father of Free Market Economics or Capitalism Proposed Government control of the economy

10. 2 Economic Systems Karl MarxAdam Smith [1848] [1776] Capitalism Communism