What should you know for thetest? Definitions to the unit vocabulary words. Being able to demonstrate your understanding of the major concepts such as: nationalism, industrialization, capitalism, communism, and socialism. Know and explain how industrialization impacted a country in the short-term and long- term. Know and explain the various new economic ideas that emerged from the Industrial Revolution.
DefinitionsWhen defining a word make sure you are as specific as possible and use as much factual information as you can to support your answer.Which definition do you think would receive full credit?1. A nation-state is a nation with it’s own country.2. A nation-state is a group of people with a common language, religion, ethnicity, and background that have their own independent country.
PeopleWhen defining people try to answer the questions: Why is this person important? What did this person do that had an impact on history?Which definition do you think will receive full credit:1. Camillo di Cavour was a prime minister.2. Camillo di Cavour was born in 1812.3. Camillo di Cavour was the prime minister from Piedmont-Sardinia who worked to unite northern Italy.
Answering QuestionsMake sure you answer the entire question. Many questions have two parts and you will not receive full credit unless you answer both parts.Ex: What changes came with urbanization and the rise of the middle class? During the Industrial Revolution urbanization occurred. This is the movement of people to the cities. This was a big change because people moved to the cities to get new jobs in factories. Many of the people who worked in factories did not make a lot of money, so the cities became filled with poor people. People moved out of the cities into suburbs. Many people who moved to the suburbs were members of the upper and middle class. The middle class was a new group that emerged from the Industrial Revolution. They were people who held jobs that required higher level skills, so they earned more money. A major change from the rise of the middle class was a new social class and a higher standard of living.
Important Information Nationalism Nation - State When a group of When a people are united by nation, which is a what they have in common (common group of people with culture, religion, langu a common age, beliefs), and language, culture, re have a lot of pride in ligion, and their people. They beliefs, have their are not united by a leader. own independent country.
Industrialization/Factors ofProduction Industrialization is when a country goes through the process of transitioning to the machine/factory production of goods. Factors of production are the things a person needs to start a business – specifically land, labor, and capital (or money). You need land to have your business on, you need labor or people who will work for your business, and you need capital/investment money to purchase these things as well as the other materials you need for your business.
Economic Systems Laissez-Faire is Adam Smith’s idea that the government shouldn’t interfere with businesses and they should be allowed to set their own working conditions in order to earn maximum profit. This is the foundation for capitalism which is the belief that money should be invested in order to make money in a system that already practices laissez-faire.
Economic Systems French reformers thought up socialism after seeing the impacts of industrialization and capitalism on people and society. Socialism is a system in which the major factors of production (railroads, coal mines, lumber, etc.) are owned by the government and operate for the welfare of all. This means the government sets the prices of these goods and is very much involved in the running of the economy. Communism is an extreme form of socialism created by Karl Marx. In a communist system the government owns all the property and businesses and operates them for the welfare of all. This means individuals can’t own any private property or businesses. The government sets prices and regulates every aspect of the economy.
Things to Know/Understand What nationalism is and why/how it led to the rise of nation-states. Specific examples of nation-states forming Agricultural changes in Britain and how it prepared Britain to undergo industrialization What industrialization is, and how it impacts a country socially and economically in the short term and long term. The new economic ideas that emerged from this time period. Be able to explain and provide examples.