2009-2010 Unit 7, Industrial Revolution
Upcoming SlideShare
Loading in...5
×
 

2009-2010 Unit 7, Industrial Revolution

on

  • 1,139 views

A presentation over different types of economies to be used for the Industrial Revolution in Greg Lehr's World History classes.

A presentation over different types of economies to be used for the Industrial Revolution in Greg Lehr's World History classes.

Statistics

Views

Total Views
1,139
Views on SlideShare
1,095
Embed Views
44

Actions

Likes
0
Downloads
6
Comments
0

2 Embeds 44

http://lehrsworld.wikispaces.com 43
http://www.slideshare.net 1

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    2009-2010 Unit 7, Industrial Revolution 2009-2010 Unit 7, Industrial Revolution Presentation Transcript

    • Industrial Revolution Big Idea: From Home to Factory From Little to Big
      • Industrial Revolution Basics
      • - Who: America, Europe, Africa
      • - What: Machines starting to take the place of people in making goods, economy switching from agricultural to industrial in many nations
      • - When: 1700 – 1900
    • Economic Terms
      • - Economy : the production and distribution of goods and services within an economic system
      • - Productivity : a measure of goods and services produced over a period of time with a given set of resources
    • Economic Terms
      • - Education : knowledge acquired by learning and instruction
      • - Skills : ability to apply knowledge and use know-how to complete tasks and solve problems
    • Economic Terms
      • - Retraining : the process of learning a new skill or trade
      • - Wage rates : payment for labor or services to a worker, usually on an hourly, daily, or weekly basis, or by the piece
    • Economic Terms
      • - Capitalism : an economic system based on the private ownership of the means of production and distribution (land, factories, mines, railroads) and their operation for profit, under competitive conditions
    • Economic Terms
      • - Mercantilism : an economic system developed in Europe as feudalism died out, intended to unify and increase the power and monetary wealth of a nation by strict governmental regulation of the entire economy, including the development of agriculture and manufacturing and foreign trading monopolies
    • Economic Terms
      • - Socialism : a political and economic system in which government controls resources and industries
    • Types of Economies
      • - Traditional Economy : economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools (hunting & gathering)
    • Types of Economies
      • - Command Economy : also called a “planned” economy, an economic system in which the state or government to one degree or another manages the economy (socialism)
    • Types of Economies
      • - Market Economy : a system in which buyers and sellers make major decisions about production and distribution, based on supply and demand (capitalism)
    • Types of Economies
      • - Mixed Economy : a combination of both Command and Market economies, some private-owned and some state-owned enterprises (combination capitalism & socialism)
    • Paper Cutting Questions
      • Assume cutting paper is the industry you have chosen.
      • - How would you determine what you are going to make (property rights)?
      • - How will you determine how to make it (factors of production)?
      • - Finally, who will you make the product for (economic decision making)?
      • How would these differ according to the type of economy: i.e. traditional, command, market or mixed.