New Ways of Thinking

Lesson 4 Chapter 7.4 Simulation Day 5

Big Idea: The Industrial Revolution fostered new ideas about business and economics

Objectives Create a visual representation of New Ways of Thinking

during the I.R. Chart information using student created books

Warm Up

What is an assembly line? What is its purpose?

Simulation Reformers Picture Book Jigsaw Activity

In groups you will look up different topics and create a picture book depicting those topics

As you research fill out your chart! Then create the picture book from that

Laissez-Faire Economics

Adam Smith-Wealth of NationsFree market

MalthusPopulation and economyPoor will suffer

Ricardo & WagesPoor had too many childrenNo govt help to poorLimit family size

Utilitarians

Jeremy Bentham & utilitarianismHelp poor and workers

John Stuart Mill- actions are right if happy, wrong if painVote to workers and women

Labor Unions

Emergence of Socialism

SocialismMeans of ProductionConnection to

Enlightenment

UtopiansPerfect placeShared workNo social classSelf sufficientRobert Owen

“Scientific Socialism” of Karl Marx

Karl MarxCommunism

MarxismThe Communist Manifesto “haves” and “have-

nots”Bourgeoisie and Proletariat

FailuresNationalism winsAssumptions on

scientific laws Improved conditions

by reforms

RevolutionsRussiaAsia, Latin America, &

Africa

Closure

How has the emergence of Laissez-Faire Economics, Utilitarians, Socialism, and “Scientific Socialism” change the Industrial Revolution?