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New Ways of Thinking. Lesson 4 Chapter 7.4 Simulation Day 5 Big Idea: The Industrial Revolution fostered new ideas about business and economics. Objectives. Create a visual representation of New Ways of Thinking during the I.R. Chart information using student created books. Warm Up.
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New Ways of Thinking Lesson 4 Chapter 7.4 Simulation Day 5 Big Idea: The Industrial Revolution fostered new ideas about business and economics
Objectives • Create a visual representation of New Ways of Thinking during the I.R. • Chart information using student created books
Warm Up • What is an assembly line? • What is its purpose?
Simulation • Reformers Picture Book Jigsaw Activity • In groups you will look up different topics and create a picture book depicting those topics • As you research fill out your chart! Then create the picture book from that
Laissez-Faire Economics • Adam Smith-Wealth of Nations • Free market • Malthus • Population and economy • Poor will suffer • Ricardo & Wages • Poor had too many children • No govt help to poor • Limit family size
Utilitarians • Jeremy Bentham & utilitarianism • Help poor and workers • John Stuart Mill- actions are right if happy, wrong if pain • Vote to workers and women • Labor Unions
Emergence of Socialism • Socialism • Means of Production • Connection to Enlightenment • Utopians • Perfect place • Shared work • No social class • Self sufficient • Robert Owen
“Scientific Socialism” of Karl Marx • Karl Marx • Communism • Marxism • The Communist Manifesto • “haves” and “have-nots” • Bourgeoisie and Proletariat • Failures • Nationalism wins • Assumptions on scientific laws • Improved conditions by reforms • Revolutions • Russia • Asia, Latin America, & Africa
Closure • How has the emergence of Laissez-Faire Economics, Utilitarians, Socialism, and “Scientific Socialism” change the Industrial Revolution?