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Industrialization. How the United States grew into a “modern day” country…. The very brief history of Industrialization…. . After the War of 1812.
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Industrialization How the United States grew into a “modern day” country…
After the War of 1812 • Because of the Embargo Act & Non Intercourse Act before and during the War of 1812, America was forced to become more industrial and make some of their own goods/machinery • Think of all the technology and inventions that we have today. • Mad Minute on Inventions • How have these inventions changed our life? • Which ones have we grown so accustomed to, we just cant live without?
What is Industrialization? • When tools/machines are developed that make work easier and more efficient • During this time people left their homes and farms to work in new factories • This change was so important and pronounced that it became known as the Industrial Revolution period
Your mission: • You work for an advertisement company. Your company wants you to create an advertisement for a product that will hit it big. They send you to the Industry Fair hoping you will come up with some ideas…. • You must: • Follow along with your Industry Handout and collect the information your company wants • Once you have completed all the Industry Handout, consult with your group and decide what Industrial advancement you will create an advertisement for • In your advertisement, you must: • -include a picture of the item • -explain how or why its important/what it does • -How it will change the United States • -The advantages and disadvantages of this creation • -pricing and where to purchase
Free Enterprise System a.k.a-- Capitalism Because of this system: *people specialize in the making of a certain item=better products *opportunity for profit and growth *U.S. constitution protects workers and owners *diverse economy meet the needs of the United States (many products and services to pick from) *Less dependent on foreign goods Words to Know: Entrepreneur-people who risk capital (money) to organize and run their own business In order to allow people the freedom to choose, the government must follow Laissez-Faire, or the idea that the government should not interfere in the economy (business) • Before, when the United States was a colony of England, their economy was based on Mercantilism(Britain told them what to make, how much, and who to sell to) • After the United States became independent, the Free Enterprise Systemstarted to develop • The Free Enterprise System is an economic system where people can choose their trade partners, prices, and products • In this system, people ask themselves…. • What do I want to produce? • How do I produce it? • How much do I produce of it? • Whom do I produce this for? Or who needs this? • Again, people have the choice and freedom to produce what they want !