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What are some good qualities of an entrepreneur? Who is an entrepreneur you know of?

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Presentation on theme: "What are some good qualities of an entrepreneur? Who is an entrepreneur you know of?"— Presentation transcript:

1 What are some good qualities of an entrepreneur? Who is an entrepreneur you know of?

2 When the coin in the coffer rings, the soul from Purgatory springs. This jingle was most likely spoken by?: a) Johannes Tetzel. b) Martin Luther. c) John Calvin. d) John Knox. e) Sir Thomas More.

3 Usually young men, middle class Typically of the Protestant Work Ethic Used capital from the Bank of England – (gov’t)

4 Resources from colonial areas for a mother country is called ______________________

5 Why would government in England aid industrial development as opposed to Russia or France?

6 House of Commons favored industrialism – Bubble Act repealed -return of joint-stock co. – Lowes Act - limited liability for businesses (LLC) – Metallurgy businesses increase - why? England = #1 textile producer

7 7 Steam Engine - -> transition from wood to coal Invented by Thomas Savory and Thomas Newcomen James Watt = first efficient steam engine

8 8 Coal mining + steam engine = heavy industry of iron and more machines Henry Cort - puddling furnace

9 9 “Transportation Revolution” Canal systems made John McAdam - what does he invent? Robert Fulton’s Steamboat (1807)

10 10 Railroad “Steam Wagon” First true locomotive – What does it do? What are the benefits?

11 11 By Great britain makes 2/3 world’s coal, 1/2 world’s iron, GNP rises 350%, income increases 100% Holds industrial fair at Crystal Palace

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