Results of the Industrial Revolution EconomicPoliticalSocial

Economic Results 1. The Factory System – replaces “Cottage Industry” 1. The Factory System – replaces “Cottage Industry” A. Division of labor B. Interchangeable parts C. Assembly line

Economic Results 2. Made possible mass production for mass consumption 2. Made possible mass production for mass consumption 3. Increased the standard of living 3. Increased the standard of living 4. Gave rise to modern CAPITALISM, based upon these ideas: 4. Gave rise to modern CAPITALISM, based upon these ideas: A. private ownership A. private ownership B. free enterprise B. free enterprise C. profit motive C. profit motive D. competition D. competition E. market economy (supply and demand) E. market economy (supply and demand) Capitalism: an economic system based on private capital or money

Economic Results 5. Rise of the corporation - The Stock Market 6. Rise of unions – organized labor A. Better pay B. Shorter hours C. Safer/healthier conditions

Political Results 1. Rise of the Middle and Working Class 1. Rise of the Middle and Working Class 2. Rise of Democracy 2. Rise of Democracy A. Extension of voting rights A. Extension of voting rights B. Rise of new political parties B. Rise of new political parties 3. Nationalism – loyalty to ones country 3. Nationalism – loyalty to ones country 4. Imperialism/Colonialism 4. Imperialism/Colonialism

Social Results 1. Led to an increase in world population 1. Led to an increase in world population 2. Led to a growth in cities with all their problems 2. Led to a growth in cities with all their problems 3. Education 3. Education 4. Improved status of women 4. Improved status of women 5. More leisure time 5. More leisure time 6. Change in family structure from traditional to nuclear 6. Change in family structure from traditional to nuclear Slums, transportation, crime, and pollution