1. Industrial Revolution

2. Objectives Explain the beginnings of industrialization in Britain
Describe the agricultural revolution that allowed for industrialization
Describe key inventions that furthered the industrial revolution

3. 1. Industrial Revolution
2. Greatly increased output of machine made goods
2. Agricultural Revolution
3. enclosures – land owners buy more land and enclose it with fences

4. 3. two important results 4. new agricultural methods 4
3. two important results 4. new agricultural methods 4. forced small farmers to move to cities 3. seed drill – planting seeds 3. crop rotation 3. breeding methods 3. more food better living more people

5. 2. Why Britain. 3. large population 3. extensive natural resources 4
2. Why Britain? 3. large population 3. extensive natural resources 4. required for machine production 3. expanding economy 4. investors, banking, trade 3. political stability 3. military success

6. 3. had all the factors of production 4. land, labor, capital ($$) 2
3. had all the factors of production 4. land, labor, capital ($$) 2. Inventions 3. Textile Industry (cloth) 4. flying shuttle 4. spinning jenny 4. water frame 4. spinning mule 4. power loom 4. cotton gin

7. 3. Transportation 4. steam engine 4. steam boat 4. macadam roads 5
3. Transportation 4. steam engine 4. steam boat 4. macadam roads 5. paved 4. railroad locomotive 5. railway lines

13. 1. Labor Union
2. Union 3. voluntary labor associations 3. spoke for all workers 3. bargained for better working conditions and higher pay 3. strike 4. refuse to work

14. 1. Reforms
2. New laws reformed some of the abuses of industrialization 3. Child Labor Laws 4. no children under 9 4. no working in the mines 3. Ten Hour Act of limited to 10 hour days

15. 2. Abolition of slavery 3. ended slave trade in 1807 3
2. Abolition of slavery 3. ended slave trade in Britain ended slavery in US ended slavery in Women’s Rights 3. made 1/3 as much as men 2. Public education 2. Prison reform

16. Laissez faire
“let do”
Let owners of industry and business set working conditions
No government involvement

17. Adam Smith Free economy The Wealth of Nations Law of self-interest
Law of competition
Law of supply and demand

18. Capitalism Factors of production privately owned
What are the factors of production?
What does privately owned mean?

19. Utilitarianism
The government should promote the greatest good for the greatest number of people

20. Socialism
Factors of production are owned by the public and operate for the welfare of all

21. Karl Marx Haves vs. the Have Nots The Communist Manifesto
Workers will overthrow the owners