Global II The Industrial Revolution 17501910

1
Global IIThe Industrial Revolution
(1750-1910)

• Ch. 21, Sec 2
• The Rise of Modern Industry
• Read 479 - 484

2
Objectives

• 9.4 Discuss how Industrialization spread
• 9.5 Explain how advances in science technology
  affected Industry
• 9.6 Explain where the capital for expanding
  industry came from

3
LESSON LAUNCH REVIEW

• How does the Agricultural Revolution contribute
  to the Industrial Revolution?
• Why does Great Britain lead the way in the
  Industrial Revolution?

4
Spread of Industrialization
5
Spread of Industrial Revolution
6
REVIEW

• What is necessary for Industrialization to spread
  throughout Europe?
• MANY MANY ANSWERS

7
New Methods of Production

• Productivity
• the amount of goods a worker can turn out in a
  specific time
• Interchangeable parts
• identical components that can be used in place of
  one another in manufacturing
• Used in guns and cars
• Assembly Line
• breaking down the job of assembling many parts
  for a finished good into a series of small tasks
• Goods produced more cheaply
• Mass production begins

8
Financing Industrial Growth

• Entrepreneurs
• People with income who invest in business
• Corporations
• Business owned by many investors
• Investors risk only their investment
• Monopoly
• Take total control over the market for a
  particular product
• Banks
• Major role
• People deposit money and receive interest for
  bank borrowing money
• International Economy
• Goods, Services, and money flow worldwide
• Governments increasingly become involved in
  protection of markets and interests of citizens

9
Closure

• How did Industrialization spread?
• How do advances in science technology affect
  Industry?
• Where does the capital for expanding industry
  came from?