Unit 2 Plan

Economics Systems: Capitalism, Industrialization and Reform

 

1)   Beginnings of Industrialization, pages 253-257 (20 points)                                  due __________

a)      What is the Industrial Revolution.

b)      What were enclosures? What did large landowners who bought up all the land force small farmers to do?

c)       List the advantages that made the industrial revolution to happen in Britain first.

d)     Define Factors of Production.

e)      In what industry did major new inventions first bring industrialization? What was the Spinning Jenny?

f)       Where were the first factories located?  Why?

g)      What is an entrepreneur?

h)      What invention did James Watt improve?  What did this invention allow Robert Fulton to do in 1807?

i)        In what country and between what cities did worlds’ first railroads run?  Around when were they built?   

 

2)   Industrialization Spreads, pages 263-266 (20 points)                                             due __________

a)      What did England do to prevent the spread of the secrets of industrialization?

b)      What did Francis Cabot Lowel do in 1813?

c)       Understand the general timing of American industrialization.  Study the railroad maps and notice the dates.

d)     Why did entrepreneurs sell stocks?  What is a corporation?

e)      How did big businesses increase their profits?

f)       What European nation led the way in adopting Britain’s new industrial technologies?  What nation came next?

g)      What factors prevented some European nations from industrializing? (top of 266)

h)      Understand industrialization and global inequality.  How did industrialization lead to colonization?

i)        How did the industrial revolution lead to demands for greater democracy?

 

3)   An Age of Reform, pages 267 – 272 (20 points)                                                       due __________

a)      Define laissez faire.  What did Adam Smith argue in his book?  What was the book called? What is capitalism?

b)      What did Malthus argue? 

c)       Utilitarianism is a philosophy that argues that government should promote what?

d)     What is socialism?  What do socialists say the government should do in the economy?

e)      What did Karl Marx write?  What did he say the Industrial Revolution was causing?  What is communism?

f)       What are unions?  What is collective bargaining?  What do workers do in a strike?

g)      What did the Factory Act of 1833 prohibit?

h)      Describe what other kinds of reform movements came about in response to the changes of industrialization?  What did Jane Addams do?  Horace Mann? 

 

 

4)   Economic Change Poster Assignment (45 points)                                                  due __________

            You will receive a detail assignment sheet for this poster.  Some work will be done in class, but             most of the work on the poster has to happen on your own time for homework. 

 

5)  Economic Change Written Test (50 points)                                                              due __________

            This is a short answer and identification/definition exam about all topics in the unit.  It is open             note.  You will receive a study guide.

 

 

 

 

 

 

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