Factory Life and Innovations The Industrial Revolution Review 1. What was the fundamental change in the Industrial Revolution? 2. What were some new energy sources created during this time period? 3. The three resources needed to have a revolution an industry were… 4. Two things that made the Industrial Revolution possible in Great Britain were… 5. List two changes in farming that led to a growth in population. 6. Besides food, what is another innovation (scientific) that made it possible for the Industrial Revolution to take place? Objectives for the Day 1. Describe the changes that transformed the textile industry. 2. Explain the significance and evolution of transportation during the Industrial Age. Terms and Vocabulary Capital “Wealth in the form of money or other assets owned by a person or organization for a particular purpose.” Enterprise “A project, undertaking, or business/company.” Entrepreneur “One who organizes, invests, manages, and assumes the risks of a business or enterprise.” Innovations and the Birth of Factories The textile industry was the first industry to change due to advancements during the Industrial Revolution. What are textiles? Cloth or fabric. How did the industry change? Flying Shuttle Spinning Jenny Cotton Gin 2. What happens to price and demand for these products? 1. Can people have these machines in their homes any longer? With so much production… QUESTION Innovations and the Birth of Factories Factories were born out of a need to supply more product. What ripple effect does this have on industry? 1. Construction of canals to transport goods What are canals? 2. Creation of the railroad and railways How are railroads superior to canal transportation? 3. Mass production = poor working conditions 4. Formation of labor unions