Engels How to Buy Stocks by gou46956


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									 Know   which innovations in industry helped
  shape the economics, religions, cultures and
  politics of the 18th-20th centuries.
 Understand how industrialization
  transformed the societies and economics of
  the World and established the modern age.
 Develop an essay based on an outline or
  graphic organizer that describes the impact
  of industrialization on the world as a society
  and the individual.
 E.Q.s:
  • How did the industrial revolution transform
   traditional ways of life and shape our modern
1. It actually began on farms!
  • Enclosure
     Fencing off land as your own
  • New practices in the 1700‟s:
     3 year rotation, new inventions, etc.
     Led to an increase in food supply
“Enclosed” Lands Today
2. Population Explosion!
  • Thanks to farms , the Europe population went
   from 120 million to 190 million in under 100
3. New technologies
  • Textile mills
    using water
  • Use of coal for
    steam engines
       had all the resources: coal, iron
 Britain
 and people.
  • Population explosion
     Increase in demand of goods
  • They started making factories.
 The country was economically and
 politically prosperous.
  • People started gaining capital.
     So, they had the money to buy goods or invest
  • The government was a constitutional monarchy.

 New Technologies
 George  Stephenson-
 built steam powered

 Robert Fulton- used a
 steamboat to travel
 up the Hudson River
 in 1807
 JamesHargreaves-
 invented the spinning

 RichardArkwright-
 made the first
 Need:
  • A faster way to
    transport factory
 Solutions:
  • Canals
  • Steam locomotives,
    and railroads
 “The putting-out
 system” was used
 prior to the industrial

 Factoriesreplaced
 this system
  A  foundry is a factory
    that smelts and casts
     • Smelt
     • Cast

   In England

   Considered to be the
    start of the Industrial
    • A Foundry that made
      pig iron

 Child   labor
 Childrenas young as
 4 would be sent to

 Whysend children to
1.   Dexterity

2.   Size

3.   Cheap labor

4.   Family needs

5.   Lots in supply
 Child   in a coal mine
 Movement   of people to cities; major
  growth of cities
 Moved mainly due to a lack of farm jobs
 Tenements
  • Multi-level apartments
   and homes

 Labor   unions
  • An organization made
   to protect the rights of
   the workers
 John Wesleyfounded
 Promoted personal sense of faith
  • Take responsibility for your religion
  • Read and study the Bible yourself – personal
 Createda hopeful outlook for the
 working classes
 Laissez-Faire
  • Keep government out of economics
  • Allows businesses and factories to maximize
   profits and compete with each other.

 Monopolies
  • When one company/factory controls the entire
   market for a specific good
 Corporations    form in the late 1800‟s
  • Large companies where several factories are

 Stocks
  • When a person purchases a part of a company.
  • Many people invest and rely on profit from the
   company to gain money.
 E.Q.s:
  • What contributions did individuals make in
    business and the arts?
  • How did technology and economics promote
    industrial growth?
 American   automaker

 Revolutionized
 industry by using two
 key ideas:
  • Interchangeable parts
  • Assembly line
 Made    on an assembly

 Uses cheap,
 interchangeable parts.

 15,007,034
 produced in 19 years

 Price   for a Model T?
 Henry   Ford:
 • Paid his workers very well (4 times the
 • Made cheap, reliable cars anyone could buy
 • Was constantly looking for a better, more
   efficient way.
    Ex. Invention of the “V” engine, self-sufficient farm,
 19th   Amendment in the US
  • Women‟s suffrage
 Child   labor laws

 Anti-trust   laws and establishment of labor
  • Ex. Steel worker‟s union, Local 464 in Hershey
 Population growth will
  outpace the food supply.

 War, disease, or famine
  could control population.

 The poor should have
  less children.

 Food supply will then
  keep up with population.
 Jeremy Bentham
 •   The goal of society is
     “the greatest good for
     the greatest number.”
 •   There is a role to play
     for government
     intervention to
     provide some social
     safety net.
 Theory advocating
 public or government
 ownership of the
 means of production
 and distribution of
 goods, while
 promoting equal
 opportunity for
 In a perfect world,
  society would operate
  and own the means of
  production, not
 Their goal was a society
  that benefited
  everyone, not just the
 Tried to build perfect
  communities [utopias].
     Marx and
 Karl
 Friedrich Engels write
 “The Communist
 Manifesto” 1848
  • States that history is
    made up of “haves” and
  • A government should be
    created where everyone
    is equal and there are no
    social classes.
 Wrote “On  the
 Origins of Species”
  • All forms of life
    evolved into its
    present state through
    millions of years.
  • Natural selection-
      “Survival of the
 Social   Darwinism
  • Society and people
    are always improving
 “Inferior” people    will
  be replaced by
  “superior” people
 Racism
 Fuel for Imperialism
  and Nazism
 http://www.youtube.
 Realism
  • Paint or write
    everything that is
    perceptible or in
  • Be as accurate as
 Impressionism
  • Focuses more on the “impression” or feeling a
    work makes rather than accuracy
  • Popular impressionists:
    Vincent Van Gogh
    Claude Monet
 From   Dicken‟s “Oliver Twist”:
 • „Child as he was, he was desperate with hunger,
   and reckless with misery. He rose from the table
   and advancing on the master, basin and spoon in
   hand, said somewhat alarmed as his own
   boldness. “Please sir, I want some more”‟

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