Beginnings of the IR
Define Industrialization
The process of changing an economy from making things by hand to making things with machines
Who wrote The Communist Manifesto?
Karl Marx
What benefit did the Industrial Revolution have on the economy?
It made products more affordable
What is another term for money?
Capital
What was the overwhelming result of the Industrial Revolution?
Massive population growth
What invention revolutionized transportation during the Industrial Revolution?
Steam locomotive
What type of economy exists under Capitalism?
Market Economy
What role did the American Colonies play in the Industrial Revolution?
Provided raw materials
What did Karl Marx say was the reason for all conflict in society?
What three things does every country need in order to industrialize?
Land, Labor, Capital
What caused increased demand for iron, coal and steel?
The railroad
Who owns the means of production in a Socialist society?
Why did Asia and Africa experience the Industrial Revolution later?
Europe exploited these countries for their benefit, making it hard for them to industrialize.
How did workers improve their working conditions and pay?
Why did other countries industrialize later than Europe?
Resources of other countries were being taken by Europe and used for European benefit
What industry was almost entirely wiped out as a result of the Industrial Revolution?
Why was the Communist Manifesto written?
To criticize capitalism
What happened to a worker if they became sick or injured on the job?
They would be fired because workers are easily replaceable during the IR
A capitalist believes that WHO should be in control of the econmoy?
The people
Why was Great Britain able to industrialize first?
Great Britain was rich in natural resources, had a strong military, and a large population
Describe (in detail) the life of a factory worker during the Industrial Revolution
Harsh work, long hours, no benefits
What book was authored by Capitalist Adam Smith?
The Wealth of Nations
Explain why the cottage industry failed during the Industrial Revolution
Factory goods were cheaper and they could not afford the expensive machinery needed to increase production
Where was Mr. Young's first job?
McDonalds (They called me McNick)