Please do not talk at this timePlease do not talk at this time Dec 10 Dec 10HW: Chapter 9 Sec. 4 Cornell Notes Due Wed/Thursday

Capitalism Review- Tell your partner: Why do people LOVE Capitalism?Why do people HATE Capitalism?

Also, Get a note guide for today….Responses to Capitalism- Pg 73A

Please get out your Vocab Please get out your Vocab Word Map on Capitalism (pg. Word Map on Capitalism (pg.

72A)72A)

3. Related Words Mercantilism Free trade Opportunity Entrepreneur Profits Socialism

1. Glossary Definition an economic and political system in which businesses belong mostly to private owners, not to the government Versions of the Word Capital, capitalize, capitalist, capitalistic, capitalization 5. Graphic

Word Map For: Capitalism Name:

2. Examples Walmart Stock Market Monopolies Property rights Legal protection Supply and Demand

4. My Definition a system that believes that individuals should own businesses, not government.

Philosophers of IndustrializationAdam Smith- Wealth of Nations •Law of self – interest•Law of competition•Law of supply and demand•Laissez faire Capitalism•Opposed to government helping poor workers

– People should be in charge of their own fate!

– Just give the system a chance and it will sort itself out.

Explain to your partner…

• What do Adam Smith’s 3 laws of economics say?

• What values does Adam Smith have?

Who gets the job?

A new job opens in a factory and the factory manager goes outside to find a new worker to hire. There are 20 people waiting for a job…

The First person the manager talks to says: “I need $3 a week, because I have a wife and a kid, but I’ll work hard.”The Second person says: “I need $2 a week, because its only me and the wife.”The Third person says, “I’m a bachelor. I only need $1 a week.”

Who does the manager Hire?

A woman walks up and says: “I’ll work for $0.50 a week!”Then a kid walks up and says: “I’ll do the job for $0.40! Please mister, give me a chance!”

Who gets the job now?

Unfortunately, while Capitalism does create winners…someone has to be the loser in the competition Capitalism brings.…And eventually, because of how pure competition works, there are many more “losers” than “winners”.

Soon, the losers, the working poor, have very little to lose indeed!

Large lower class families simply created more people than there were jobs. The competition for jobs forced salaries lower and lower, creating more lower class families.

Thomas Malthus

The Cycle of Poverty

The problemThe problem• Masses of working poor with No Future Masses of working poor with No Future

(and little to lose)(and little to lose)• No Legal protections for workersNo Legal protections for workers• An economy based on the labor of the An economy based on the labor of the

lower classlower class• A Government turning away from A Government turning away from

Mercantilism (government control of the Mercantilism (government control of the economy)economy)

Social Unrest from the Working Class

Leads To…

The Luddites: 1811-1816

Ned Ludd [a mythical figure supposed to live in Sherwood Forest]

Attacks on the “frames” [power looms].

The Luddites

The Music Video

Peterloo Massacre, 181950, 000 local working class people including women and children in their Sunday best gathered to hear William Hunt talk about poverty, democracy, and unemployment.

The Magistrates of Manchester sent soldiers to arrest Hunt. The soldiers were drunk and untrained. When the people protested, they fired on the crowd, killing 11 and wounding 400.

“Let us die like men, and not be sold like slaves!”

Swing Riots 1829 - 1831Swing Riots 1829 - 1831Farm Laborers, even worse off than the factory workers since the Enclosure Movement robbed them of the use of common land, protest the new threshing machines by burning the machines themselves as well as haystacks. Threshers like the McCormick Reaper meant more farm workers lost their jobs.

Of these three events…• Which one made the middle class

feel sympathetic (feel sorry for) toward the poor and their situation?

• Which one made the middle class the most angry at the poor?

Please do not talk at this timePlease do not talk at this time Dec 11 Dec 11HW: Chapter 9 Sec. 4 Cornell Notes Due Wed/Thursday

Please get out your Responses to Capitalism Notes- Pg 73A

• Ideas for fixing an economically Ideas for fixing an economically unequal society:unequal society:

Socialism- A mixed economy where government controls some parts of the economy while private business controls the rest.  Government uses control to redistribute some wealth for the public good.

Communism-  Economic system based on Marx’s Theory where the economy is centralized. Government controls wealth (resources and production) and redistributes it equally among the people. 

Socialism • Hey Look- Capitalism is Unfair! (and leads to angry mobs!)

• Wanted government to help Lower Class (economically, politically)

• Utopian ideas – good working conditions for workers are good for everyone!

• Socialism: government should help redistribute wealth to give lower class a chance and to support society as a whole by taking money from the very rich to pay for important social programs.

• This means some taxes and some regulation.

Marxism: Radical Socialism (and Communism)

• Karl Marx and Friedrich Engels

• The Communist Manifesto

• History is a class struggle – “haves”(bourgeoisie) and “have nots” (proletariat)• Predicted that workers

would lead revolution to overthrow owners

Marx’ View of (Future) history…Put this Timeline on the back of your notes

Factories drive small artisans out of business

Few manufacturers own all the wealth

Large proletariat (industrial workers) revolt: seize factories and produce needed goods

Workers share profits, create economic equality

Workers control government

Cooperative living and education

Classless society = pure communism

Marx believes: Capitalism will eventually end in pure Communism!

Please get out Pg.71B Industrial Age Problem Solving Assignment

Read these real life examples of Capitalism and its effects…

Which response do you prefer? Why?

Can you figure out which response is Laissez Faire Capitalism, Utilitarian Socialism and Communism?

Please do not talk at this timePlease do not talk at this time Dec 12/13 Dec 12/13HW: Start your Industrial Revolution Study Guide!

Please get out your Responses to Capitalism Notes- Pg 73A

Please get out your 9.4 Cornell Notes also.

So what Really happens in England?

We don’t have any Communist countries (the way Marx saw them) today… No Dictatorship of the Proletariat exists, so what happened?

Responses to the Violence

Workers realized that factory owners would continue to take advantage of workers by:

paying low wages for long hours employing women and children for lesser wages introduced machines which created unskilled, boring work making workers keep up with the speed of machines work conditions that were unsafe, unsanitary, and badly lighted

Individual bargaining was ineffective because bosses

didn’t have to meet the worker’s demands could fire an individual without hurting production

The solution:COLLECTIVE BARGAINING: uniting as a

group to press demands on bosses as one unit. What one worker gets, they all get.

All the workers together could threaten a strike to shut down production.

That would effect the factory owners!

To bargain collectively, workers formed labor unions

Labor Union GoalsMain Goals:

• Higher wages

• Shorter hours

• Safer working conditions

• Compensation for injuries or sickness caused by the work

Other Goals

• Access to education

• Access to political power through the Vote

Unions gained strength because:

• size of corporations made workers realize the need to organize

• large mills and factories allowed workers the opportunity to organize

• labor leaders had gained experience

• Strikes (when all the workers in a factory refuse to work) were very effective

• courts began to have a more favorable attitude toward unions

• Because of these strengths, Law courts outlawed unions until 1824!

Government Reforms Abolition of slavery in the colonies in 1832- to

raise the price of wages in Britain New Poor Law [1834] – indoor relief.

* Poor houses. Sadler Commission to look into working

conditions * Factory Act [1833] – child labor: restricted the age and number of hours of work for children in factories * Ten Hours Act of 1847 limited the work day for women and children to 10 hours.

Reform Bill [1832] – broadens thevote for the cities and redistributed seats in Parliament

IR Test Study Guide!

HW: Study for Finals

Please do not talk at this time Dec 14

How many Factors of Production can you name? Make a list on a half sheet of paper (share with a friend)

Factor of Production Why is it important to Industrialization?

Most important factors- Pg 74A

Factor of Production Why is it important to Industrialization?

Most important factors- Pg 74A

Factor of Production Why is it important to Industrialization?

Most important factors- Pg 74A

Factor of Production Why is it important to Industrialization?

Most important factors- Pg 74A

Think about which factors you think are the most important for industrial success. Put a STAR next to those on your list.

Get a book and open to pg. 295• Now turn to pg. 75A in your notebook and title it:

Industrialization Spreads

• Draw this chart on that page and use Chapter 9, sec. 3 to fill it out.

• You may work with a partner.

Country Factors they Had Factors they did NOT Have

Do not finish this for Homework.

We will have more class time on Monday to finish this. Just concentrate on

Prepping for Finals

Monday World Studies Cramming Session:

Come after school for a World Studies Final Review on Monday during 7th and

after.

HW: Study for Finals, Bring your Study Guide to class Tues.

Please do not talk at this time Dec 17

Please get your chart on Industrialization Spreads (pg. 75A)

HW: Get a book and open to pg. 295• Now turn to pg. 75A in your notebook and title it:

Industrialization Spreads

• Draw this chart on that page and use Chapter 9, sec. 3 to fill it out.

• You may work with a partner.

USA

Belgium

Germany

France

Country Factors they Had Factors they did NOT Have

Consider this information…On pg. 75A under your chart please answer these

questions…

1. Which country has the most factors of production? Which country has the least?

2. Which of these countries had the most success industrializing? Which had the least.

3. Write a sentence that states the relationship between the factors of production and industrial success in countries other than England.

Together…• Craft the best possible statement about the

relationship between the numbers of Factors of production a country has and industrial success.

• Three Levels of statement:– Level 1: Shows cause and effect

– Level 2: shows cause and effect and then explains How or Why with Because

• Even better: Provide three categories to consider as evidence

– Level 3: Level 2 but adds in something from the ranking of the Factors of Production as an additional level of complexity.

• Write your new statement on your own paper and turn it in.

Sentence Frame

• The ______________ factors of production a country has the ______________ successful they are at industrializing.

• For example, (country) had (Factor of production) which let it (effect of the factor of production of success in industrialization).

HW: Study for Finals, Bring your Study Guide to class Tues.

Please do not talk at this time Dec 18

Please get your Final Study Guide

Finals ScheduleWednesday:

2nd period 8:10am-9:45am

6th period 10:10am-11:45am

Lunch 11:45am-12:30pm

7th period 12:35pm-2:10pm

Thursday:

0 period 8:10am-9:45am

1st period 10:10am-11:45am

Lunch 11:45am-12:30pm

5th period 12:35pm-2:10pm

Friday:

3rd period 8:10am-9:45am

4th period 10:10am-11:45am

What to Bring to the Final:

A pencil

An eraser

Your brain

Water/coffee/tea

Review time!