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INDUSTRIAL REVOLUTION. ESSENTIAL INGREDIENTS New Energy Resources Coal, oil Inventions steam engine Corporation Legal entity to pool capital.

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Presentation on theme: "INDUSTRIAL REVOLUTION. ESSENTIAL INGREDIENTS New Energy Resources Coal, oil Inventions steam engine Corporation Legal entity to pool capital."— Presentation transcript:

1 INDUSTRIAL REVOLUTION

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3 ESSENTIAL INGREDIENTS New Energy Resources Coal, oil Inventions steam engine Corporation Legal entity to pool capital.

4 APPETITE FOR ENERGY What are various sources of energy? List all the energy you have used over the last day. Determine if energy was used for the same uses 100 years ago and 500 years ago.

5 MODERN ENERGY CONSUMPTION

6 INVENTIONS Electricity: Thomas Edison Communication Telegraph: Samuel Morse Telephone: Alexander Graham Bell Steel Bessemer Process: Henry Bessemer Transportation Trains Refrigerated cars: Gustavus Swift All these were protected by patents 5: Name, Invention, Significance, Date

7 CORPORATIONS Who owns Microsoft? Reading: Stock Ownership: A Delicious Topic

8 4 FACTORS OF PRODUCTION Products Capital LandLabor Land: Natural Resources Labor: Human Resource Capital: money, equipment, patents Entrepreneur: uses these resources to produce something

9 IMPACT Migration Urbanization Marketing World Markets Environment

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11 FarmerWhat do you need?Industrial LaborerBenefitsProblems Power Family Roles Transportation Daily Rhythms Environment Goods Culture Ownership


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