Aim: What changes in business and production occurred throughout the Industrial Revolution and beyond?

Title: New Methods & Business Organization

Do Now: 1) Write down what you know about assembly lines and

corporations (ex: what are they? How do they work?) 2) How did assembly lines and corporations affect the growth

and success of the Industrial Revolution?

Assembly line: a process used in large factories to put together goods

Corporations: big businesses Can anyone name other production methods and/or business organizations with which they are familiar with?

Today’s focus:

• New methods of production used during the Industrial Revolution.

• Business organizations that arose (came about) during the Industrial Revolution

Throughout the lesson, I would like to show a few candidly poignant videos surrounding this very topic of new methods of business practices, starting with, “Henry Ford, Model T, and the Assembly Line.”

OBJECTIVE 1

Working in groups of 5/6: • Each group will be responsible for the creation of a picture that illustrates the effects of the three methods of production. • To facilitate this hands-on “fun” cooperative learning activity, students will be given markers/crayons/color pencils, construction paper and be allowed to use their homework and textbook to assist them on this particular task. --Possible resource: Section 3 Review question #3 (graphic organizer)

Illustrations will vary. Effects of all three methods were:--increased production--lower cost of production--higher profits for owners--lower cost to consumersAn additional effect of the assembly line was that it saved time and energy.

OBJECTIVE 2: Types of Business

• Re-read p.557 and define the terms sole proprietorship, partnership, and corporation.

• For each term, identify a business in your community that fits that definition. • Finally, write at least one paragraph answering the question: Why have corporations been so important to the U.S. economy since the Industrial Revolution? Support your argument with specific details – from the news, past research, or your personal experience. – In the end, we will conduct a group “share out” with the rest of the

classroom ensuring that we are all on the “same page,” and thoroughly comprehend this very important assignment.

OBJECTIVE 3

Turn your attention to the chain of causes and effects described in the second paragraph on page 558. I will provide students with a copy of a circular flowchart – Using this flowchart, please fill in the empty boxes with necessary information to complete the business cycle chain of events with the use of your textbook.

Close: Culminating Assignment

Complete Guided Reading Strategies: 22.3, New Methods and Business Organizations.

Homework# 10 (02/11/13; due: 02/12/13:

• Read 22.4 carefully. While students need not write anything in connection to this section, all must know the theories/philosophies of Adam Smith, Malthus, and Ricardo.

• Also, what does the phrases/words laissez-faire, free enterprise, humanitarians, utilitarianism, and collective bargaining mean? (Define & give the significance) What was the working condition like throughout this age?

• Review the PPT pertaining to today’s lesson.