Topic 3

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10.3 Students analyze the effects of the Industrial Revolution in England, France, Germany, Japan, and the United States.

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Industrialization

Chapter 21

Pages 688-705

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Topics

I. Transportation Revolution

II. The Labor force

III. Factors of Production

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I. The Transportation Revolution

A. Early methods of travel.

B. Early improvements in Travel.

C. The Power of the Steam Engine.

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A. Early methods of Travel.

• People had few choices.– By Horse, by foot or by water.

• Rivers were preferred.– Boats had a large capacity.– not always where you needed them.– One way travel.

• Horse and foot are very slow.– Roads were very poor.– Limited capacity.

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B. Improvements in Travel

• Early improvements– Canals– Rock roads

• Most important will be the steam engine– George Stephanson and the rocket

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C. The power of the Steam engine.

• Steam Engine allows for Trains and steam ships.

• Railroads can be built almost anywhere.

• Steam Ships can go upstream and do not need wind power.

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2.1G

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8The Rocket 2.1G

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George Stephanson’s The Rocket

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http://www.openix.com/~cotton/cot/steam2.htm

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II. The Labor Force

A. Emergence of Wage labor

B. Changing economic role of family

C. women

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A. Emergence of Wage labor

• Labor becomes a commodity– Decreased need for skilled labor– Artisans and guilds diminish

• Labor is also dehumanized– Rules– Boredom– Human as unit of production

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B. Changing economic role of family

• Men move from the farm or the shop to the factory.– Less independent and more dehumanized

• Not necessarily cut off from family– Men often brought family to work with them– Families were paid– Is this good?

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C. Women

• Moving from cottage industry to factories– Steam engines and power looms could not be in

the home– Disconnected women from the home– Women tended to be young and single or widowed

• Low wages were still the norm for all women

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D. Children

• Increasing levels of child labor– Mines– Orphanages– Textile mills

• English Factory Act of 1833 – Forbade child labor before 9– Limited child labor between 9-13

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III. Factors of Production

A. Natural resources

B. Human Resources

C. Capital Resources

D. The Importance o Entrepreneurship

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A. Natural resources

• Coal

• Iron

• Wood

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B. Human Resources

• Human labor– Highly skilled– Skilled– unskilled

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C. Capital Resources

• Capitol Resources:– Money:– Capitol Goods: Money and

the goods purchased with money

such as machines, factories, and

tools, which produce other goods.

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D. The Importance of Entrepreneurship

• Entrepreneurs built and organized businesses.– Organization and management skills. – Took the risks of starting the business.– Receives profits that could result in

enormous wealth.

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Terms

• Factors of Production– Natural resources– Human resources– Capital resources

• Entrepreneurship

• English factory Act of 1833

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What we Know

• What factors helped the Industrial Revolution to occur in England?

• What are the factors of production?

• Why is Entrepreneurship critical to Capitalism?

Topic 3

Education

Transcript of Topic 3