Reforming the Industrial World

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REFORMING THE INDUSTRIAL WORLD : 

REFORMING THE INDUSTRIAL WORLD CHANGE THROUGH REVOLUTION Important Terms Laissez faire Capitalism Socialism Communism Union Strike

Slide 2: 

REFORMS

Slide 3: 

UNION

Slide 4: 

STRIKE

Factors of Production : 

Factors of Production LAND LABOUR CAPITAL http://tutor2u.net/economics/content/topics/introduction/factor.htm

Slide 6: 

Who can own the factors of production? Rural Aristocrats. Entrepreneurs. Workers. Government. Community.

Slide 7: 

Entrepreneurs Adam Smith Free economy. Competition. Government Intervention. Price? Capitalism

Slide 8: 

Community or Government Charles Fourier & Saint-Simon Free Economy ?? Utilitarianism. Competition ??. Government Intervention ??. Price ?? Socialism

Slide 9: 

Government & Community Karl Marx Economy – Government – Community ?? Competition ?? Government Intervention ?? Price ?? Communism Marxism Radical Socialism

Slide 10: 

CAPITALISM VS. SOCIALISM

Slide 11: 

CAPITALISM

Slide 12: 

SOCIALISM

Summing up……. : 

Summing up……. Factors of production should be owned by whom? If both Capitalism and Socialism has disadvantages then what should we do? Capitalism? Socialism? Communism?

Long term effects of Industrialization : 

Long term effects of Industrialization Life then and now……. Global interdependence? Mass production? Standard of living? Quality of life? Cities? Numbers and areas? Labour condition and salary gap?

Slide 15: 

Bibliography Background image, slide 1 – http://theresurgence.com/2009/06/30/the-industrial-revolution-welcome-to-the-machine-part-4 School Reforms http://www.gothamgazette.com/article/iotw/20030915/200/521 Demonstration-Strike http://www.guardian.co.uk/world/2009/oct/01/lobbyists-millions-obama-healthcare-reform Union Poster http://economics.mrwood.com.au/unit4/microeconomic/impact/mrapproach9.asp 15

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