Aim: What philosophies come from the Industrial Revolution? Do now: How involved should the government be in your life? Should everyone in society be economically equal? Given a job? • How can we fix the negative effects of the Industrial Revolution? Do now: Capitalism Document 1 Do now: Capitalism Document 1 Capitalism Capitalism – An economic system in which money is invested in business with the goal of making profit. Laissez faire – “Hands off” economics. No government involvement..(Free Market Economy) Adam Smith DBQ: Communism Document 2 DBQ: Communism Document 2 DBQ: Communism Communism – Complete socialism. Factors of productions are owned by the government. Karl Marx and Friedrich Engels Smith V.S. Marx Conversation Smith V.S. Marx Directions: Read the conversation between Karl Marx and Adam Smith and complete the chart on your worksheet List 2 ideas Adam Smith believed in: List 2 ideas Karl Marx believed in: - Philosophies of The Industrial Revolution Assessment Philosophies of The Industrial Revolution Assessment Philosophies of The Industrial Revolution Assessment 1. According to Karl Marx, history is the record of the 1. granting of more political liberties to all people 2. struggle between classes in society 3. wars and conflicts between national leaders 4. increasing prosperity brought about by industrialization 2. According to the theories of Karl Marx, history can be viewed as a 1.succession of famines that result in the destruction of civilizations 2.repeating cycle of imperialism and colonialism 3.listing of the accomplishments of the ruling classes 4.continuous struggle between economic classes Assessment Directions: Complete both situation 1 and 2. Answer in complete sentences Situation#1 You are a worker during the industrial revolution; -Which economic philosophy would you support? -Explain why you would choose that philosophy. Situation#2 You are a business owner during the industrial revolution; -Which economic philosophy would you support? -Explain why you would choose that philosophy. This will be collected! Thematic Essay Theme: Economic Change Since the 19th century, industrialization has had positive and negative effects on the lives of workers. Task: Define the term “ Industrialization”. Discuss at least three specific examples of the ways in which industrialization changed the lives of workers in England positive as well as negatively. Philosophies of The Industrial Revolution Group Assignment Directions: - Complete the chart below. - Use pages 647-649 and your notes to complete the assignment. Capitalism Communism Key figure: Key figures: Key ideas: - Key ideas: -