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The Industrial Revolution took place from __ to 1820/1840.
1760
Which of the following were key inventions that came out of the industrial revolution?
Power Loom, Water powered spinning frame, Spinning Jenny (All of the above)
Francis Lowell was known as the “Father of the American Industrial Revolution” True or False?
False
During the time of the Lowell factory mills, the workforce was mostly made up of:
Young Girls
Second Industrial Revolution:
The transition from coal & steam to electricity, gasoline, & oil, focusing on steel. 1870-1914
America started to see a greater distribution of wealth
Class system established: upper, upper middle, lower middle, & working
Rise of the middle class meant more money being spent (consumerism), more banks and more loans.
Consumerism:
A consumer is the end-user of a product or service offered by a business.
With new wealth, retail markets emerge as people now have wants, not just needs.
This lead the markets to a centralized commerce and away from a decentralized one.
Decentralized Commerce
includes custom goods, a barter system, defined social class, and slow fashion cycles
Centralized Commerce
includes mass produced goods, technology, social mobility, fast fashion cycles.
As the Industrial Revolution continued, retail markets started moving away from centralized commerce and began developing into decentralized commerce. True or False?
False
What specific side effect of WWII affected consumerism?
Rationing goods
Capitalism
(Ludwig von Mises & John Maynard Keynes) included social classes, rights of individuals and corporations, privately controlled means of production, supply and demand factors determined by market economy (free market)
Socialism
(Karl Marx) included equality of wealth distribution, socio-economic equality, state controlled means of production, and centrally planned economies (USSR)
Which of the following is not a component of socialism?
Supply and demand determine the market economy
Which of the following statements about globalization is correct?
Globalization has been around for a long time, but it is faster and more widespread than it was centuries ago.
Which of the following claims are in support of globalization that are supported by evidence?
Consumers generally have more choices and pay lower prices.
Which of the following claims opposing globalization is supported by evidence?
Globalization is making wealthy individuals and corporations wealthier
Pros & Cons of Globalization:
Increased consumer choices & reduced prices
Making wealthy individuals and corporations wealthier
Globalization tied to climate change, trade, terrorism, and the spread of deadly diseases
What is the purpose of the World Trade Organization (WTO)?
To manage international trade and resolve disputes
Which countries are members of the International Criminal Court?
About half the countries in the world
What is the purpose of NATO?
To safeguard its members’ freedom and security
What is the purpose of the UN?
To promote international peace and stability, human rights, and economic development
What is the purpose of the EU?
To help member countries cooperate on economic, political, and security matters
What is the purpose of the International Criminal Court?
To investigate and try those charged with genocide, war crimes, crimes against humanity, and crimes of aggression.
Which of the following is true based on the experiences of French Dairy Farmers and Mexican Avacado Growers?
Globalization opens new markets but also leads to new risks.
History of Sustainability (Sustainability Timeline):
Industrial Revolution was when consumerism really took off.
Sustainability “movement” gained popularity in the 1970s and 1980s, but the history goes back to he enlightenment in the 1700s
Adam Smith formulated theory of capitalism: deregulated economy based on growth
Hans Carl von Carlowitz coined the term sustainability
Before the 1970s, the term “sustainability” had not been introduced by experts. True or False?
False
Who coined the term “sustainability”?
Hans Carl von Carlowitz
Which component of ESG examines how a company manages its relationships with employees, suppliers, and customers?
Social
Which of the following is NOT one of the three pillars of sustainability?
Political
According to the U.S. National Environmental Policy Act of 1969 (NEPA), what is the goal of sustainability?
to create and maintain conditions under which humans and nature can exist in productive harmony.
Social + Economic = ?
Equitable
Social + Environmental = ?
Bearable
Economic + Environmental = ?
Viable
Which resource was used to make the pages of the physical Cradle to Cradle book?
Plastic
Crude Products
Products that are not designed for human or ecological health
Product Plus
Consumers get a product/service they want, as well as harmful additives
Which of the following represents the correct order of the typical product lifecycle steps?
Natural Resources & technical nutrients -> manufacturing -> retail -> use -> trash
When measuring an ecological footprint, which chemical element is primarily measured?
Carbon
What does the Life Cycle Assessment measure?
the total environmental impact of a product, service, or process through every stage of its existence.
Cradle to Cradle
A closed loop process in which products are designed so that their materials can be broken down and continuously circulated.
Cradle to Grave
An open loop process in which raw materials are used to create products that are discarded after use.
Pros of Recycling
Reduced Energy Consumption
Decreased Pollution
Considered very environmentally friendly
Slows the rate of resource depletion
Fights global warming
Decreases landfill waste
Cons of Recycling
Recycling isn’t always cost effective
High up-front costs
Needs more Global Buy-In
Recycled Products are often of lesser quality
Recycling sites are commonly unsafe
Upcycling
The process of converting materials into something of greater value than the original material.
Downcycling
The process of converting materials into products or materials of lower quality or value than the original.
According to the Cradle to Cradle book, what are the Four Rs of Sustainability?
Reduce, Reuse, Recycle, and Regulate
Intergenerational Remote Tyranny
The impact on future generations resulting from the effects of our actions today.
Reductionism
Focusing on reducing complex systems into their basic parts
Planned Obsolescence
Developing products with a limited lifespan that will need to be replaced.
Systems Thinking Concept
a way of making sense of the complexity of the world by looking at it in terms of wholes and relationships rather than splitting it down into its parts
Iceberg Model
Events are what’s seen from the outside and then patterns, structures, and mental models is what’s going on underneath