Industrial Revolution

Industrial Revolution

A revolution where many machines evolved, revolution, represented the big changes in mechanization, financing, and organization of labor.

What natural Resources that aided industrialization

Coal and Iron Ore

5 reasons why the Industrial Revolution began in England.

• Stable supply of capital/banking system

• Stable Government

• Natural Resources (Coal/Iron ore)

• Large Markets due to empire

• Infrastructure (railroads/shipping)

Capital

Money and resources used to start a business

Entrepreneur

Who starts and runs a business

Factory system

A method of production where machines and many workers are brought together in one large building (a factory) to mass-produce goods.

Describe how technology aided in the development of the industrial Revolution

Machines make goods faster, cheaper and in larger amounts

Why did so many families leave rural areas to move to new urban centers

Less of a demand for farmer, so many farm families moved to the city for more job opportunities

Two positive outcomes

• More Jobs

• Goods were cheaper and easier to buy

Two negatives

• many people got injured from machinery

• Most families could not afford to support itself without every member working (Includes women and children)

Urbanization

The shift of population from rural areas resulting in growth of urban areas and higher population density

Impact of the Industrial Revolution had on families

Small crowded homes, poor sanitation, everyone had to work.

New transportation inprovements

Steam Engine helped trains and steam boats transport goods efficiently

Capitalism

Private people own businesses for profit

Socialism

Government or community owns businesses and shares wealth

Communism

Government owns everything no private property

Economic Liberalism

State should not stop the natural forces of government

Political Liberalism

Basic Civil liberties should be protected by a written document

Conservatism

Ideology that asserted that tradition is the only trustworthy guide to social and political action

Nationalism

awareness/pride of being part of a community.