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2-1
The Evolution of
Advertising
Explains about the Principles of Free-Market Economics, Functions and Effects
of Advertising.
2-2
Many Buyers
& Sellers
Economics:
Principles of Free-Market Economics
Self-Interest
Complete
Information
Absence of
Externalities
2-3
Economics:
Functions and Effects of Advertising
2-4
Economics:
Evolution of Advertising
Preindustrial Industrializing Industrial Postindustrial
pre-1800 1800-1900 1900-1980 1980-present
2-5
Economics:
Evolution of Advertising
Stage Waggons
ad from the
preindustrial age
2-6
Economics:
Evolution of Advertising
Preindustrial Industrializing Industrial Postindustrial
pre-1800 1800-1900 1900-1980 1980-present
2-7
Economics:
Evolution of Advertising
Uneeda Biscuit ad
from the
industrializing age
2-8
Economics:
Evolution of Advertising
Preindustrial Industrializing Industrial Postindustrial
pre-1800 1800-1900 1900-1980 1980-present
2-9
Economics:
Evolution of Advertising
Weavers of
Speech ad from
the industrial age
2-10
Economics:
Evolution of Advertising
Preindustrial Industrializing Industrial Postindustrial
pre-1800 1800-1900 1900-1980 1980-present
2-11
Economics:
Evolution of Advertising
American Legacy
Foundation ad
from the post-
industrial age
[Insert American Legacy
Foundation ad (p. 46) here
Position: 1.55” vertical, 3” horiz.
Size: 5.7” wide]
2-12
Society and Ethics:
Effects of Advertising
Ethical advertising can . . .
improve standards of living,
inform of availability of products,
imbue products with personality,
help us make personal statements, &
foster the free press & nonprofits.
2-13
Society and Ethics:
Effects of Advertising
On the other hand, advertising can:
be dangerous if misleading,
promote unhealthy products,
encourage conformity,
glorify conspicuous consumption,
or target vulnerable markets.

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Advertisement, Creativity, IMC Chapter 2 by Muhammad Ali