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Unit #6: Industrialization - Capitalism vs. Communism
 
  Learning Target: I can ANALYZE how the Industrial Revolution changed the lives of people in Europe and America.

I know I know it when: I can make a list of pros and cons for life after the Industrial Revolution.

I am learning this because: The Industrial Revolution  is one of the major reasons for why our world functions the way it does today. The enormous changes in industry had major ripple effects in the economy, society, geography, health and culture.



Directions:
 
Directions: Please follow the directions in the box below to complete the assignment.  Be sure to complete the assignment and carefully check your work before submitting your assignment for a grade. 



Part 1: Industrialization Spreads to America and Europe Geo-Reading

1.   The Industrial Revolution began in Great Britain because it had all of the factors of production in place.  Britain's large population and the process of enclosure meant Britain had plenty of workers.  Britain also
      had man raw materials from it's empire that stretched around the globe.  Britain's abundance of coal powered the new steam engines allowing the Industrial Revolution to begin.  Soon however, other nations
      began to copy some of Britain's industry and the Industrial Revolution brought wealth to some nations while others were left behind in poverty.  That inequality led to the rise of Imperialism and a great debate
      of economic systems.

      Take a moment to download the Industrial Revolution Capitalism vs. Communism Student AssignmentBe sure to click File > Save As Google Slides before you begin


2.  As you read pages 643-646, drag and drop the labels from the word bank onto the map.  For example, one of the term in the word bank reads  "Industrial Revolution Begins."  As you read the text, you will be
     able to identify where the Industrial Revolution began so that you can move the term onto the correct map. 

           
    
  


3.    Industrialization spread across Europe and America between 1700-1900.  On slide #3, make a list of places in the world that did not become industrial.  Use your maps to help you.


4.    Next, write a short explanation of what you think happened as a result of some places in the world being industrialized and other places not being industrialized.  


5.  After reading this section and completing the map, be prepared to discuss the answers with the class.
  



Part 2: Capitalism vs. Communism

1.   Now read the passage about "Capitalism" on slide #4 of your Industrial Revolution Capitalism vs. Communism Student Assignment
  
2.  Use your highlighter tool to highlight what you feel are the most important parts of the reading in your Industrial Revolution Capitalism vs. Communism Student Assignment

 

 

Adam Smith, often considered the father of capitalism, this 18th-century philosopher and political economist, was born in  Kirkcaldy, Scotland, in 1723. Best known for his classic treatise An Inquiry Into the Nature and Causes of the Wealth of Nations, he is credited with establishing the discipline of political economics. The ideas put forward in his work represented a radical departure from the then-dominant economic policy and philosophy of mercantilism, which had held sway in Europe for three centuries.


 

Capitalism (Free Markets, Free Enterprise)

 

• Capitalism is based on private ownership of the means of production and on individual economic freedom. Most of the means of production, such as factories and businesses, are owned by private individuals and not by the government. Private owners make decisions about what and when to produce and how much products should cost.

 

 

• Another characteristic of capitalism is free competition/free market (“laissez-faire”). The basic rule of capitalism is that people should compete freely without interference from government or any other outside force.  Capitalism assumes that the most deserving person will usually win. In theory, prices will be kept as low as possible

because consumers will seek the best product for the least amount of money.

 

• One last theory of capitalism is that of “Supply and demand.” In a capitalist system, prices are determined by how many products there are and how many people want them. When supplies increase, prices tend to drop. If prices drop, demand usually increases until supplies run out. Then prices will rise once more, but only as long as demand is high. These laws of supply and demand work in a cycle to control prices and keep them from getting too high or too low.

 

 


3.   Participate in a class discussion about what you learned about Capitalism. 


4.   Now read the passage about "Communism" on slide #5 of your Industrial Revolution Capitalism vs. Communism Student Assignment
  
5.  Use your highlighter tool to highlight what you feel are the most important parts of the reading in your Industrial Revolution Capitalism vs. Communism Student Assignment

 

 

Karl Marx, the 19th century father of communism, was outraged by the growing gap between rich and poor. He saw capitalism as an outmoded economic system that exploited workers, which would eventually rise against the rich because the poor were so unfairly treated. Marx thought that the economic system of communism would replace capitalism. Communism is based on principles meant to correct the problems caused by capitalism.

 

The most important principle of communism is that no private ownership of property should be allowed. Marx believed that private ownership encouraged greed and motivated people to knock out the competition, no matter what the consequences. Property should be shared, and the people should ultimately control the economy. The government should exercise the control in the name of the people, at least in the transition between capitalism and communism. The goals are to eliminate the gap between the rich and poor and bring about economic equality.

 

 

 

 


6.   Participate in a class discussion about what you learned about Capitalism. 






Part 3: Comparing Capitalism vs. Communism


 1.   Now that you have learned about both economic systems, use the information you highlighted in the passages to complete the Venn Diagram on slide #6 of your
       Industrial Revolution Capitalism vs. Communism Student AssignmentUse your text tool to complete the Venn diagram.

     


 2.   Participate in a class discussion of this Venn diagram. 





Part 4: Conclusion Composition


 1.   Now that you have analyzed the differences between the economic systems of both capitalism and communism, use what you have learned to compose an essay addressing the following question:

       Compare and contrast the differences between capitalism and communism.  Be sure to give examples to support your answer.

       Be sure to give examples to support your answer.  Use your Venn diagram to help you.  Type your composition on slide #7 of your
       Industrial Revolution Capitalism vs. Communism Student Assignment.  You can also add a slide if you would prefer. 

2.  Carefully proof read your work.  Be sure you have included as many details as possible explaining the differences between capitalism and communism. 



     



Part 5: Submit your work for a grade


 1.   Once you have completed your Industrial Revolution Capitalism vs. Communism Student Assignment, use the Google Form below to submit your work for a grade.  Be sure to check
       your answers using the Industrial Revolution Capitalism vs. Communism Student Assignment.

 2.    Carefully check your answer and submit your work for a grade. 

      Turn in your Capitalism vs. Communism Here!

3.    Good Job!





  World History with Mr. Gigliotti | Valley Forge High School | Parma Hts., OH | gigliottip@parmacityschools.org