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Topic 3


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Topic 3

  1. 1. Industrialization Chapter 21 Pages 688-705
  2. 2. Topics <ul><li>Transportation Revolution </li></ul><ul><li>The Labor force </li></ul><ul><li>Factors of Production </li></ul>
  3. 3. I. The Transportation Revolution <ul><li>Early methods of travel. </li></ul><ul><li>Early improvements in Travel. </li></ul><ul><li>The Power of the Steam Engine. </li></ul>
  4. 4. A. Early methods of Travel. <ul><li>People had few choices. </li></ul><ul><ul><li>By Horse, by foot or by water. </li></ul></ul><ul><li>Rivers were preferred. </li></ul><ul><ul><li>Boats had a large capacity. </li></ul></ul><ul><ul><li>not always where you needed them. </li></ul></ul><ul><ul><li>One way travel. </li></ul></ul><ul><li>Horse and foot are very slow. </li></ul><ul><ul><li>Roads were very poor. </li></ul></ul><ul><ul><li>Limited capacity. </li></ul></ul>
  5. 5. B. Improvements in Travel <ul><li>Early improvements </li></ul><ul><ul><li>Canals </li></ul></ul><ul><ul><li>Rock roads </li></ul></ul><ul><li>Most important will be the steam engine </li></ul><ul><ul><li>George Stephanson and the rocket </li></ul></ul>
  6. 6. C. The power of the Steam engine. <ul><li>Steam Engine allows for Trains and steam ships. </li></ul><ul><li>Railroads can be built almost anywhere. </li></ul><ul><li>Steam Ships can go upstream and do not need wind power. </li></ul>
  7. 7. 2.1G
  8. 8. The Rocket 2.1G
  9. 9. George Stephanson’s The Rocket
  10. 11. II. The Labor Force <ul><li>Emergence of Wage labor </li></ul><ul><li>Changing economic role of family </li></ul><ul><li>women </li></ul>
  11. 12. A. Emergence of Wage labor <ul><li>Labor becomes a commodity </li></ul><ul><ul><li>Decreased need for skilled labor </li></ul></ul><ul><ul><li>Artisans and guilds diminish </li></ul></ul><ul><li>Labor is also dehumanized </li></ul><ul><ul><li>Rules </li></ul></ul><ul><ul><li>Boredom </li></ul></ul><ul><ul><li>Human as unit of production </li></ul></ul>
  12. 13. B. Changing economic role of family <ul><li>Men move from the farm or the shop to the factory. </li></ul><ul><ul><li>Less independent and more dehumanized </li></ul></ul><ul><li>Not necessarily cut off from family </li></ul><ul><ul><li>Men often brought family to work with them </li></ul></ul><ul><ul><li>Families were paid </li></ul></ul><ul><ul><li>Is this good? </li></ul></ul>
  13. 14. C. Women <ul><li>Moving from cottage industry to factories </li></ul><ul><ul><li>Steam engines and power looms could not be in the home </li></ul></ul><ul><ul><li>Disconnected women from the home </li></ul></ul><ul><ul><li>Women tended to be young and single or widowed </li></ul></ul><ul><li>Low wages were still the norm for all women </li></ul>
  14. 15. D. Children <ul><li>Increasing levels of child labor </li></ul><ul><ul><li>Mines </li></ul></ul><ul><ul><li>Orphanages </li></ul></ul><ul><ul><li>Textile mills </li></ul></ul><ul><li>English Factory Act of 1833 </li></ul><ul><ul><li>Forbade child labor before 9 </li></ul></ul><ul><ul><li>Limited child labor between 9-13 </li></ul></ul>
  15. 16. III. Factors of Production <ul><li>Natural resources </li></ul><ul><li>Human Resources </li></ul><ul><li>Capital Resources </li></ul><ul><li>The Importance o Entrepreneurship </li></ul>
  16. 17. A. Natural resources <ul><li>Coal </li></ul><ul><li>Iron </li></ul><ul><li>Wood </li></ul>
  17. 18. B. Human Resources <ul><li>Human labor </li></ul><ul><ul><li>Highly skilled </li></ul></ul><ul><ul><li>Skilled </li></ul></ul><ul><ul><li>unskilled </li></ul></ul>
  18. 19. C. Capital Resources <ul><li>Capitol Resources: </li></ul><ul><ul><li>Money: </li></ul></ul><ul><ul><li>Capitol Goods: Money and </li></ul></ul><ul><ul><li>the goods purchased with money </li></ul></ul><ul><ul><li>such as machines, factories, and </li></ul></ul><ul><ul><li>tools, which produce other goods. </li></ul></ul>
  19. 20. D. The Importance of Entrepreneurship <ul><li>Entrepreneurs built and organized businesses. </li></ul><ul><ul><li>Organization and management skills. </li></ul></ul><ul><ul><li>Took the risks of starting the business. </li></ul></ul><ul><ul><li>Receives profits that could result in enormous wealth. </li></ul></ul>
  20. 21. Terms <ul><li>Factors of Production </li></ul><ul><ul><li>Natural resources </li></ul></ul><ul><ul><li>Human resources </li></ul></ul><ul><ul><li>Capital resources </li></ul></ul><ul><li>Entrepreneurship </li></ul><ul><li>English factory Act of 1833 </li></ul>
  21. 22. What we Know <ul><li>What factors helped the Industrial Revolution to occur in England? </li></ul><ul><li>What are the factors of production? </li></ul><ul><li>Why is Entrepreneurship critical to Capitalism? </li></ul>