industrialism, capitalism & socialism money invested to make more money is called?

Industrialism, Capitalism & Socialism

• Money invested to make more money is called?


• Money invested to make more money is called?

Answer: Capital

• What was James Watt famous for perfecting?

Industrialism, Capitalism & SocialismIndustrialism, Capitalism & Socialism

• What was James Watt famous for perfecting?

• Answer: Steam Engine



Who was famous for inventing the cotton gin?


Who was famous for inventing the cotton gin?

Answer: Eli Whitney



Why was the cotton gin such an important invention?


Why was the cotton gin such an important invention?

•Cotton was produced more efficiently

•Able to mass produce goods for a lower cost

•More textiles are available at lower prices


Name the author who wrote novels about the challenges faced by the working people of England in the 1800’s?


Name the author who wrote novels about the challenges faced by the working people of England in the 1800’s?

Charles Dickens


Why did so many factory owners like to hire children?

1._________________________

2._________________________

3._________________________


Why did so many factory owners like to hire children?

1. They could be paid less.

2. They would do dangerous work.

3. Easy to replace.


Why were so many families leaving their farms and villages?

1. _________________

2. _________________


Why were so many families leaving their farms and villages?

1. Farm work was hard to find.

2. The city had factory jobs for them.


Were the men happy about the factories hiring women and children? Why or Why Not?


Were the men happy about the factories hiring women and children? Why or Why Not?

They were NOT happy about the factories hiring women and children. They felt less important because they thought their families no longer needed them.


List 2 problems factory workers faced during the Industrial Revolution.


List 2 problems factory workers faced during the Industrial Revolution.

Dangerous Working ConditionsPoor Pay


Benjamin Disraeli was famous for what?


Benjamin Disraeli was famous for what?

He was a key player in passing and writing laws to help the working people.


Adam Smith believed in a “hands off” policy for manufacturing and trade. What was that system called?


Adam Smith believed in a “hands off” policy for manufacturing and trade. What was that system called?

Laissez Faire


What was the role of the Luddites in the Industrial Revolution?


What was the role of the Luddites in the Industrial Revolution?

They were famous for destroying factories and machines. Particularly of factories with reputations for dangerous conditions.


Did the gap between the rich and the poor widened or lessened during the Industrial Revolution? Why?

More Employees!!

More Money!!


Did the gap between the rich and the poor widened or lessened during the Industrial Revolution? Why?

More Employees!!

More Money!!The gap widened. The owners continued to make more money, while the workers continued to make the same insufficient wage.


What was the goal of Socialism?


What was the goal of Socialism?

The goal of Socialism was for the government to take control of the economy, so it could be used to benefit ALL of the citizens.


Karl Marx and Friedrich Engels wrote what famous book?


Karl Marx and Friedrich Engels wrote what famous book?

Communist Manifesto


Which system wanted to eliminate private property?

industrialism, capitalism & socialism money invested to make more money is called?

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