industrialism, capitalism & socialism money invested to make more money is called?

Industrialism, Capitalism & Socialism

• Money invested to make more money is called?

Industrialism, Capitalism & Socialism

• Money invested to make more money is called?

Answer: Capital

• What was James Watt famous for perfecting?

Industrialism, Capitalism & SocialismIndustrialism, Capitalism & Socialism

• What was James Watt famous for perfecting?

• Answer: Steam Engine

Industrialism, Capitalism & SocialismIndustrialism, Capitalism & Socialism

Industrialism, Capitalism & Socialism

Who was famous for inventing the cotton gin?

Industrialism, Capitalism & Socialism

Who was famous for inventing the cotton gin?

Answer: Eli Whitney

Industrialism, Capitalism & SocialismIndustrialism, Capitalism & Socialism

Industrialism, Capitalism & Socialism

Why was the cotton gin such an important invention?

Industrialism, Capitalism & Socialism

Why was the cotton gin such an important invention?

•Cotton was produced more efficiently

•Able to mass produce goods for a lower cost

•More textiles are available at lower prices

Industrialism, Capitalism & Socialism

Name the author who wrote novels about the challenges faced by the working people of England in the 1800’s?

Industrialism, Capitalism & Socialism

Name the author who wrote novels about the challenges faced by the working people of England in the 1800’s?

Charles Dickens

Industrialism, Capitalism & Socialism

Why did so many factory owners like to hire children?

1._________________________

2._________________________

3._________________________

Industrialism, Capitalism & Socialism

Why did so many factory owners like to hire children?

1. They could be paid less.

2. They would do dangerous work.

3. Easy to replace.

Industrialism, Capitalism & Socialism

Why were so many families leaving their farms and villages?

1. _________________

2. _________________

Industrialism, Capitalism & Socialism

Why were so many families leaving their farms and villages?

1. Farm work was hard to find.

2. The city had factory jobs for them.

Industrialism, Capitalism & Socialism

Were the men happy about the factories hiring women and children? Why or Why Not?

Industrialism, Capitalism & Socialism

Were the men happy about the factories hiring women and children? Why or Why Not?

They were NOT happy about the factories hiring women and children. They felt less important because they thought their families no longer needed them.

Industrialism, Capitalism & Socialism

List 2 problems factory workers faced during the Industrial Revolution.

Industrialism, Capitalism & Socialism

List 2 problems factory workers faced during the Industrial Revolution.

Dangerous Working ConditionsPoor Pay

Industrialism, Capitalism & Socialism

Benjamin Disraeli was famous for what?

Industrialism, Capitalism & Socialism

Benjamin Disraeli was famous for what?

He was a key player in passing and writing laws to help the working people.

Industrialism, Capitalism & Socialism

Adam Smith believed in a “hands off” policy for manufacturing and trade. What was that system called?

Industrialism, Capitalism & Socialism

Adam Smith believed in a “hands off” policy for manufacturing and trade. What was that system called?

Laissez Faire

Industrialism, Capitalism & Socialism

What was the role of the Luddites in the Industrial Revolution?

Industrialism, Capitalism & Socialism

What was the role of the Luddites in the Industrial Revolution?

They were famous for destroying factories and machines. Particularly of factories with reputations for dangerous conditions.

Industrialism, Capitalism & Socialism

Did the gap between the rich and the poor widened or lessened during the Industrial Revolution? Why?

More Employees!!

More Money!!

Industrialism, Capitalism & Socialism

Did the gap between the rich and the poor widened or lessened during the Industrial Revolution? Why?

More Employees!!

More Money!!The gap widened. The owners continued to make more money, while the workers continued to make the same insufficient wage.

Industrialism, Capitalism & Socialism

What was the goal of Socialism?

Industrialism, Capitalism & Socialism

What was the goal of Socialism?

The goal of Socialism was for the government to take control of the economy, so it could be used to benefit ALL of the citizens.

Industrialism, Capitalism & Socialism

Karl Marx and Friedrich Engels wrote what famous book?

Industrialism, Capitalism & Socialism

Karl Marx and Friedrich Engels wrote what famous book?

Communist Manifesto

Industrialism, Capitalism & Socialism

Which system wanted to eliminate private property?

Industrialism, Capitalism & Socialism

Which system wanted to eliminate private property?