Presentation on theme: "New Ideas in a New Society"— Presentation transcript:
1 New Ideas in a New Society PreviewMain Idea / Reading FocusNew Ideas about EconomicsCompeting Economic ViewsEffects on SocietyQuick Facts: Effects of Industrialization on WomenMap: Industrialized Europe
2 New Ideas in a New Society Preview, continuedVisual Study Guide / Quick FactsVideo: The Impact of Industrialization
3 New Ideas in a New Society Main IdeaThe Industrial Revolution inspired new ideas about economics and affected society in many ways.Reading FocusWhat new ideas about economics developed during the Industrial Revolution?What competing economic ideas arose as a result?How did the Industrial Revolution affect society?
4 New Ideas about Economics Old mercantile system restricted tradeLaissez-faire economicsAdam Smith, market economyThomas Malthus, poverty unavoidableIndustrialization succeeded and spreadCapitalism and CompetitionShift in wealth and powerEntrepreneurBanking and financeAndrew Carnegie, rags to richesRobber baronsNew Roles for Business Leaders
5 What were some of the new ideas about economics? SummarizeWhat 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
6 Competing Economic Views Not everyone agreed that laissez-faire capitalism was good. Two who took a different stance were Robert Owen and Karl Marx.More hopeful than MalthusSocialismSociety owns propertySociety controls businessModel industrial townNew HarmonySocial democracyRobert OwenMore radical socialismPredicted collapse of capitalismDas KapitalCommunismGovernmentowns means of productioncontrols economic planningKarl Marx
7 Why did capitalism provoke strong response from the socialists? InferWhy 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.
8 Effects on Society Home Life Countries Societies 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 controlsWomen-moral guidance at homeHome LifeIndustry-great powerControl of other nations’ economiesIndustrialization of United StatesPeriod of immigration to United StatesCountriesIncrease in wealthStandard of living improvedLeisure timeChanges to many aspects of life:ArtPoliticsTransportationSocieties
11 Identify Cause and Effect What were some of the major effects industrialization had on families and countries?Answer(s): families—wealth, leisure time, better educated; countries—increased power, wealth, and living standards; overcrowding of cities, pollution, rapid population growth