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Industrial revolution ppt
During the Industrial Revolution from 1700-1900: - Many immigrants came to America for jobs in newly established factories which had horrible working conditions with long hours and no safety regulations or workers' rights. Living conditions in crowded cities were also unsanitary. - New technologies like the steam engine and railroads drove industrialization and economic growth, but also concentrated wealth in the hands of robber barons who used monopolistic business practices to maximize profits at the expense of workers and consumers. - There was a debate around the role of government intervention, with some arguing for laissez-faire policies and no regulations while others called for reforms to protect workers and restrict monopolies.
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Timeline of the Industrial Revolution, marking a shift from home production to factory manufacturing.
Immigrants moved to the USA seeking jobs and opportunities amidst the industrial growth, contributing to factories and labor demands.
Immigrants moved to the USA seeking jobs and opportunities amidst the industrial growth, contributing to factories and labor demands.
Horrible working conditions with long hours, low wages, and unsafe environments. Many lived in overcrowded tenements.
Horrible working conditions with long hours, low wages, and unsafe environments. Many lived in overcrowded tenements.
Natural resources and transportation systems (rivers, canals) fueled industrial development and population growth.
Advancements in agriculture like crop rotation and seed drills enhanced food production, supporting industrial growth.
Advancements in agriculture like crop rotation and seed drills enhanced food production, supporting industrial growth.
Innovations like steam engines and railroads improved transportation of goods and people, fueling economic growth.
Innovations like steam engines and railroads improved transportation of goods and people, fueling economic growth.
Migration to cities increased as rural populations moved to urban areas, leading to city expansion.
Advocacy for laissez-faire economics; minimal government role in business fosters competition and innovation.
Wealthy individuals' responsibility to improve society through philanthropy by funding arts and education.
Industrial leaders utilized trusts to consolidate power, eliminate competition, and raised prices while minimizing wages.
Advocacy for laissez-faire economics; minimal government role in business fosters competition and innovation.
Industrial leaders utilized trusts to consolidate power, eliminate competition, and raised prices while minimizing wages.
Adapting Darwin's theories to justify rigorous business methods and lack of support for the poor underpins capitalist beliefs.
Advocacy for laissez-faire economics; minimal government role in business fosters competition and innovation.
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Industrial revolution ppt
- 1.
- 2. The Industrial Revolution iswhen people stopped making goods at home and started making goods in factories.
- 4. Huge populationsof people immigrated to America from Europe. Workers in newly industrial America. Factories, mills and farms.
- 5. Immigrants cometo the USA for jobs and opportunities.
- 6. Working Conditions werehorrible. 14 hours work days. 6 days a week. No safety features. Bosses beat workers.
- 7. No unemployment. No health insurance. No safety codes. No building codes. No protection for children. Little money. Horrible living conditions
- 11. Many immigrantslived in tenements.
- 12. Worker earnedvery little money. Extended families shared small apartments. No sanitation or running water.
- 18. Natural Resources Coal, iron, oil, forests, fertile land provide material for industrial growth
- 19. Rivers, canalsand harbors were key in development of Industrial revolution. Transport raw materials to production. Move people for work. finished products to market.
- 20. Human talentand labor 1860-1900 population of US doubled massive immigration
- 21. To createa large company, like a railroad, you need capitol. Owner would sell certificates of ownership called stocks. A corporation is a company owned by stockholders.
- 22.
- 23. Production offarms grows rapidly. Jethtro Tull’s seed drill changed how crops were planted. Seeds were placed in the soil. Limited wasted seeds.
- 25. Rotating yourcrops in a three fields system would increase your production by a third. All three fields may be used every year.
- 26. Water powerand coal to fuel new machines. Iron ore production to construct machines. Rivers and canals for inland transportation.. Harbors from which merchant ships set sail.
- 29. Robert Fulton inventsthe steam engine which revolutionized transportation and power.
- 30. Railroad transportation can movetons of product at a very affordable cost.
- 31. Manufacturing could transport finishedproducts, raw materials. Created thousand of jobs. Also, made travel for people easier.
- 33. People movingto the city from the country side. Urban - city Rural - Countryside. Also, the building up of cities to deal with populations
- 34.
- 35. Government shouldstay out of business. No regulations for safety, insurance, building, working hours or conditions. Without government interference, business and the economy would flourish.
- 36. “Government should allowfree trade – as free flow of commerce in the world without regulation. This will make our economies prosper. - A smart dude.
- 37. In hisbook, the Wealth of Nations, he supported Laissez Fair government. People should act in their own self-interest. Let competition and supply and demand force people to make better and cheaper products.
- 38. An economicsystem in which people invest in business ventures for a profit. The strongest companies kill off the weak. This makes for a strong country and economy.
- 39. Born in Scotland,1835 Bought Iron Mines, Ships, Foundaries Drove small companies out of By 1900, US Steel controls steel production
- 40. Gospel ofWealth Wealthy had obligation to improve society Led to significant philanthropy
- 41. Supported Music andthe Arts by building theatersMuseumsHospitals wealthy person who donates money to educational and cultural institutions
- 42. Bought oilrefinery in 1863 (place to purify oil) Created Standard Oil Trust Trust many businesses in one industry controlled by one company
- 43. Purchased oillines, barrel manufacturers, railroads Eliminated competition Could charge any price he wanted
- 44. Leaders ofan industry Entrepreneurs are people that start businesses Use inventions and new technologies to get advantage
- 45. Capitalism isbased on competition between businesses Free Enterprise businesses compete freely without government interference Some believe trusts unfairly stopped competition
- 46. Ruthless driving opponentsout of business When succeed, raise price and lower quality of product Increased profit by paying low wages Ignored unsafe working conditions
- 47. Darwin’s Theory Nature had law of natural selection “Survival of the Fittest” Only the strong survive Social Darwinism Applied theory to businesses and poor Justified harsh tactics in business and not helping poor
- 48. Laissez –faire – government took no role in business Corporations only concerned about making money, not conditions