Capitalism VS. Socialism

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Essential Question: What was the impact of the Industrial Revolution?
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Presentation transcript:

Capitalism VS. Socialism Look at the chart on page 737 1. Which of the following would be more likely to like the Capitalist economy? Why? A. Factory worker B. Shop owner C. Factory owner D. Unemployed artisan

ANSWERS The factory worker and the unemployed artisan would prefer socialism because it sought to protect the working class The shop owner and the factory owner would prefer capitalism because it encouraged the acquisition of wealth

Labor Unions 2. How did the growth of unions help workers? 3. How do you think joining a union or supporting a reform law made workers feel? Read page 738-739 to complete these questions

Answers More workers had more bargaining power Less helpless and more hopeful

REFORM MOVEMENTS 4. How can slavery be an economic threat? 5. What do lower wages from women suggest about their place in society? Page 739-740

ANSWERS 4. By providing unpaid labor that takes jobs from paid workers 5. Less valued as workers

On your own… Page 742 Main Ideas (11, 12, 14, 15, 17) Critical Thinking (3, 5)