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    Topic 3 Topic 3 Presentation Transcript

    • Industrialization Chapter 21 Pages 688-705
    • Topics
      • Transportation Revolution
      • The Labor force
      • Factors of Production
    • I. The Transportation Revolution
      • Early methods of travel.
      • Early improvements in Travel.
      • The Power of the Steam Engine.
    • A. Early methods of Travel.
      • People had few choices.
        • By Horse, by foot or by water.
      • Rivers were preferred.
        • Boats had a large capacity.
        • not always where you needed them.
        • One way travel.
      • Horse and foot are very slow.
        • Roads were very poor.
        • Limited capacity.
    • B. Improvements in Travel
      • Early improvements
        • Canals
        • Rock roads
      • Most important will be the steam engine
        • George Stephanson and the rocket
    • C. The power of the Steam engine.
      • Steam Engine allows for Trains and steam ships.
      • Railroads can be built almost anywhere.
      • Steam Ships can go upstream and do not need wind power.
    • 2.1G
    • The Rocket 2.1G
    • George Stephanson’s The Rocket
    •  
    • II. The Labor Force
      • Emergence of Wage labor
      • Changing economic role of family
      • women
    • A. Emergence of Wage labor
      • Labor becomes a commodity
        • Decreased need for skilled labor
        • Artisans and guilds diminish
      • Labor is also dehumanized
        • Rules
        • Boredom
        • Human as unit of production
    • B. Changing economic role of family
      • Men move from the farm or the shop to the factory.
        • Less independent and more dehumanized
      • Not necessarily cut off from family
        • Men often brought family to work with them
        • Families were paid
        • Is this good?
    • C. Women
      • Moving from cottage industry to factories
        • Steam engines and power looms could not be in the home
        • Disconnected women from the home
        • Women tended to be young and single or widowed
      • Low wages were still the norm for all women
    • D. Children
      • Increasing levels of child labor
        • Mines
        • Orphanages
        • Textile mills
      • English Factory Act of 1833
        • Forbade child labor before 9
        • Limited child labor between 9-13
    • III. Factors of Production
      • Natural resources
      • Human Resources
      • Capital Resources
      • The Importance o Entrepreneurship
    • A. Natural resources
      • Coal
      • Iron
      • Wood
    • B. Human Resources
      • Human labor
        • Highly skilled
        • Skilled
        • unskilled
    • C. Capital Resources
      • Capitol Resources:
        • Money:
        • Capitol Goods: Money and
        • the goods purchased with money
        • such as machines, factories, and
        • tools, which produce other goods.
    • D. The Importance of Entrepreneurship
      • Entrepreneurs built and organized businesses.
        • Organization and management skills.
        • Took the risks of starting the business.
        • Receives profits that could result in enormous wealth.
    • Terms
      • Factors of Production
        • Natural resources
        • Human resources
        • Capital resources
      • Entrepreneurship
      • English factory Act of 1833
    • What we Know
      • What factors helped the Industrial Revolution to occur in England?
      • What are the factors of production?
      • Why is Entrepreneurship critical to Capitalism?