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World History CP Mr. Terry THE INDUSTRIAL REVOLUTION Review Guide MATERIALS (all can be found on Mr. Terry’s blog): 1. “The Industrial Revolution: A New Kind of Revolution” – reading 2. “Factors in the Start of the Industrial Revolution” graphic organizer 3. “Taking Care of Business” reading and notes 4. “Factories and Factory Towns” reading 5. “New Ideas About Economics” reading 6. “Capitalism / Socialism / Communism” charts 7. “Competing Economic Views” reading 8. “Excerpt from the Communist Manifesto” reading 9. “The Dark Side of Chocolate” film worksheet 10. “Fair Trade” reading 11. Class notes! BIG QUESTIONS: What caused the industrial revolution to take off in Britain in the late 1700s / early 1800s? What factors of production existed there? What developments took place in the textile industry and in the use of steam? What do capitalists / entrepreneurs do, and what are their goals? What are some ways they can achieve these goals? Describe the social hierarchy of factory work and industrial life. Describe working conditions related to factory work in the early 1800s. What popular economic ideas did governments and business leaders embrace in the early 1800s? Do you believe that people should have rights beyond political and civil rights? Why did workers form labor unions in the early to mid-1800s? What were their goals? Compare and contrast capitalism, socialism, and communism as economic systems / theories. Evaluate pros and cons for each. Why and how does exploitation still exist in the global economy today? What is fair trade and how is it a response to these issues? CONCEPTS: labor capital / capitalism / capitalist factory exploitation mass production “laissez-faire” labor union socialism communism fair trade urbanization SPECIFIC PEOPLE, PLACES, ETC.: Adam Smith Thomas Malthus World History CP Robert Owen Karl Marx Mr. Terry