ch. 21 section 3 notes

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  • Section 3The Industrial Revolution

    Preview Main Idea / Reading Focus

    New Ideas about Economics

    Competing Economic Views

    Effects on Society

    Quick Facts: Effects of Industrialization on Women

    Map: Industrialized Europe

    New Ideas in a New Society

  • Section 3The Industrial Revolution

    Preview, continued Visual Study Guide / Quick Facts

    Video: The Impact of Industrialization

    New Ideas in a New Society

  • Section 3The Industrial Revolution

    Reading Focus What new ideas about economics developed during the

    Industrial Revolution?

    What competing economic ideas arose as a result?

    How did the Industrial Revolution affect society?

    Main Idea 1. The Industrial Revolution inspired new ideas about economics and affected society in many ways.

    New Ideas in a New Society

  • Section 3The Industrial Revolution

    Old mercantile system restricted trade

    Laissez-faire economics Adam Smith, market

    economy

    Thomas Malthus, poverty unavoidable

    Industrialization succeeded and spread

    Capitalism and Competition

    Shift in wealth and power

    Entrepreneur Banking and finance

    Andrew Carnegie, rags to riches

    Robber barons

    New Roles for Business Leaders

    New Ideas about Economics

    file:///mnt/temp/unoconv/20150512164157/
  • Section 3The Industrial Revolution

    Summarize

    What were some of the new ideas about economics?

    Answer(s): mercantilism gave way to capitalism and competition, laissez-faire economics and The Wealth of Nations allowed for increased role of entrepreneur

  • Section 3The Industrial Revolution

    Not everyone agreed that laissez-faire capitalism was good. Two who took a different stance were Robert Owen and Karl Marx.

    More hopeful than Malthus

    Socialism Society owns property

    Society controls business

    Model industrial town

    New Harmony

    Social democracy

    Robert Owen More radical socialism

    Predicted collapse of capitalism

    Das Kapital

    Communism Government

    owns means of production

    controls economic planning

    2. Karl Marx

    Competing Economic Views

  • Section 3The Industrial Revolution

    Infer

    Why did capitalism provoke strong response from the socialists?

    Answer(s): Socialists blamed capitalism for harsh working conditions, polluted cities, and the big gaps between rich and poor.

  • Section 3The Industrial Revolution

    3. The rise of new economic ideas was among the countless effects of the Industrial Revolution. The shift away from cottage industries also affected home life and the roles of women in society.

    Worlds of work and home separated

    Separate spheres Business world-

    without moral controls

    Women-moral guidance at home

    Home Life Industry-great

    power Control of other

    nations economies Industrialization of

    United States Period of

    immigration to United States

    Countries Increase in wealth Standard of living

    improved Leisure time Changes to many

    aspects of life: Art Politics Transportation

    Societies

    Effects on Society

    file:///mnt/temp/unoconv/20150512164157/
  • Section 3The Industrial Revolution

  • Section 3The Industrial Revolution

  • Section 3The Industrial Revolution

    Identify Cause and Effect

    What were some of the major effects industrialization had on families and

    countries?

    Answer(s): familieswealth, leisure time, better educated; countriesincreased power, wealth, and living standards; overcrowding of cities, pollution, rapid population growth

  • Section 3The Industrial Revolution

    file:///mnt/temp/unoconv/20150512164157/
  • Section 3The Industrial Revolution

    Video

    The Impact of Industrialization

    Click above to play the video.

    file:///mnt/temp/unoconv/20150512164157/