agricultural and industrial revolutions agricultural and industrial revolutions

AGRICULTURAL AND

INDUSTRIAL REVOLUTIONS

AGRICULTURAL AND

INDUSTRIAL REVOLUTIONS

A CHANGE FROM

MANUAL LABOR

TO MACHINES

A CHANGE FROM

MANUAL LABOR

TO MACHINES

ECONOMIC EXPANISON

AND DECLINE IN A

CAPITALIST ECONOMY

ECONOMIC EXPANISON

AND DECLINE IN A

CAPITALIST ECONOMY

HE INVENTED THE

COTTON GIN

HE INVENTED THE

COTTON GIN

FENCING IN PRIVATE AND PUBLIC LANDS

FORCINGSMALL FARMERS OUT OF

BUSINESS AND INTO CITIES

FENCING IN PRIVATE AND PUBLIC LANDS

FORCINGSMALL FARMERS OUT OF

BUSINESS AND INTO CITIES

ENCLOSURE MOVEMENT

NEGATIVE ECONOMIC

GROWTHFOR TWO

CONSECUTIVE QUARTERS

NEGATIVE ECONOMIC

GROWTHFOR TWO

CONSECUTIVE QUARTERS

INVENTED MANY FARM

IMPLEMENTS

JOHN DEERE

INVENTED THE

TELEPHONE

INVENTED THE LIGHT

BULB

INVENTED THE LIGHT

BULB

PERIODS OF PLANTINGAND HARVESTING

PERIODS OF PLANTINGAND HARVESTING

MOO MOO

CONTINUOUS EXPANSION

OF BUSINESS ACTIVITY

INCREASED INVESTMENT SPENDING AND SAVINGS

INDUSTRIAL

CAPITALISM

STEAM LOCOMOTIVE

AND RAIL SERVICE

GEORGE

STEPHENSON

JAMES HARGREAVES

EDMUND CARTWRIGHTSAMUEL CROMPTON

RICHARD ARKWRIGHT

PROCESS OF VULCANIZING

RUBBER MAKING IT RESISTENT TO HEAT AND COLD

A PERSON WHO STARTS

HIS OWNBUSINESS

ENTREPRENEURSENTREPRENEURSENTREPRENEURS

ENTREPRENEURS

ENTREPRENEURSENTREPRENEURSENTREPRENEURSENTREPRENEURSENTREPRENEURS

WIRELESS TELEGRAPHWIRELESS

TELEGRAPH

FIRST SUCCESSFUL FLIGHT

INTERNAL COMBUSTION

POWERED AIRPLANE

WILBURWILBUR

ORVILLEORVILLE

WRIGHTWRIGHT

AGRICULTURAL REVOLUTION

THE MASS PRODUCTIONOF GOODS IN

FACT0RIES

CYRUS McCORMICKCYRUS McCORMICK

TWO OR MORE INDIVIDUALS

COMBINE ASSETS TO OPERATE A BUSINESS

MIDDLE CLASS

FREEENTERPRISE

FREEENTERPRISE

PROWNERSHIP

INDIVIDUAL PROFIT

INDIVIDUAL PROFIT

PRIVATE OWNERSHIPOF PROPERTY

PRIVATE OWNERSHIPOF PROPERTY

GOVERNMENT SHOULD STAY

OUT OF BUSINESS AFFAIRS

PROBLEMS OF THE

INDUSTRIAL REVOLUTION

POLLUTIONCHILDLABOR

LONGHOURS

LOWWAGES

LATE 19TH CENTURYREASON FOR LARGENUMBERS OF POOR PEOPLE IN THE NEWINDUSTRIAL SOCIETY

HE INVENTED THE PROCESS

FOR PRODUCING STEEL MORE

CHEAPLY

HENRY BESSEMER

REPLACING MALFUNCTIONING

MACHINERY COMPONENTSWITH EXACT

SPECIFICATIONS

INTERCHANGEABLEPARTS

INVESTMENTS TO BUY TOOLS,MACHINERY, AND FACTORIES

FINANCIALRESOURCES

CAPITALCAPITAL

WHEN INDIVIDUALS DEVELOP DEFINED

JOB SKILLSAND SPECIALIZE IN

ONE TASK

DIVISION OFLABOR

TELEGRAPH

SAMUELMORSE

WHEN A SINGLE PERSON RISKS

ASSETS TO START AND OPERATE

A BUSINESS

SOLE PROPRIETORSHIP

WORK STOPPAGE

STRIKE

A PERCENTAGE OF

CORPORATE PROFITSPAID TO

STOCKHOLDERS

DIVIDEND

DIVIDEND CHECK

INVENTED A BALLOON LIKE FLYING MACHINE

TO CARRY PASSENGERS

FERDINAND von ZEPPELIN

NAME THE FOUR

PERIODS OF THE

BUSINESS CYCLE

NAME THE FOUR

PERIODS OF THE

BUSINESS CYCLE

BOOMRECESSION

CONTRACTIONEXPANSION

INVENTED THE

FLYING SHUTTLE

JOHN KAY

WHEN PEOPLE TRAVELED

TO THE SAME LOCATION

(IN THE CITY)

INVENTED

AN

EFFICIENT

STEAM

ENGINE

THE FACTORS OF

PRODUCTION ARE

INVENTED THE

ELECTRIC GENERATOR

INVENTED THE

ELECTRIC GENERATOR

MICHAEL

FARADAYMICHAEL

FARADAY

WET CELL

BATTERY

ALEXANDER

VOLTA

A BUSINESS WHOSEOWNERS ARE

SEPARATEFROM THE PEOPLE

WHO OWN AND OPERATE IT

CORPORATIONCORPORATION

A CERTIFICATE OF OWNERSHIP

IN A CORPORATION

THE WORKING

CLASS

THE “PRODUCERS”OF A SOCIETY

PROLETARIATPROLETARIAT

WORKERSBARGIN

WITH MANAGEMENT

AS ONE

INDIVIDUAL

HE DEVELOPED AN EFFICIENT

GAS POWEREDINTERNAL COMBUSTION

ENGINE

GOTTLIEB DAIMLER

HE INVENTED AN INTERNAL

COMBUSTION ENGINE THAT

RUNS ON FUEL OIL

RUDOLF

DIESEL