Industrial Revolution Summary Society Transformed 1750 1850 Agricultural

Industrial Revolution Summary Society Transformed 1750 -1850

Agricultural Revolution Population Explosion 1750 -1850 A Chain Reaction Movement to Cities Rise of Factories New family structure New Economic Rules: Capitalism vs. Communism New world power structure: industrialized countries rise in power

Reform Movement • • • Labor Unions form Labor Laws passed Public school become more common Quality of Life slowly improved A middle class formed

New Countries Form in Europe 1871 Germany 1870 Italy Greece

European Countries battle for ECONOMIC POWER Great Britain & Germany most powerful France in the middle Italy/Russia fall behind the times. . .

End Result of Industrialization • • • Western Europe rose in world power Rise in inequality between countries Formation of colonies to compete for economic power Capitalism became dominant economic system Growing middle class led to increased public education Democracy rose in industrialized countries What is Ironic about this movement

Industrial Revolution Analysis In separate columns, list the benefits and costs of the Industrial Revolution Benefits Costs

Final Wrap-Up Family Structure Economic System Where people lived Where they worked Middle Class Strongest Countries Transportation Upper Class BEFORE ______________ _____________ AFTER ______________ ______________

Two views of Economics Karl Marx Wrote the Communist Manifesto [1848] Proposed Government control of the economy Adam Smith Wrote the Wealth of Nations [1776] Father of Free Market Economics or Capitalism

2 Economic Systems [1776] [1848] Adam Smith Karl Marx Capitalism Communism