Thursday – November 13, 2014
Mr. Lombardi
Aim: How did the Industrial
Revolution lead to competing ideas?
Do Now:
1. Study your notes/vocabulary from
Unit 3: The Industrial Revolution
• 3 minutes
2. Clear your desks and prepare for a
brief quiz.
The Industrial Revolution
Astoria Pizza Factory
th
37
19-46
Street
Astoria, NY 11105
Adam Smith Karl Marx
Ideas
Concep
t
Book
Capitalism vs. Communism Vocabulary
Adam Smith
Ideas
Concept
Book
Karl Marx
Capitalism - economic
Communism - system of
system where the means of
production are privately owned &
operated for a profit.
government in which all wealth &
property is owned by the
government.
Laissez-Faire – “leave
Socialism - economic system
business alone” – policy in which
government takes a “hands-off”
approach to business & does not
interfere.
where the people as a whole own
all the property & wealth.
The Wealth of Nations
The Communist Manifesto
Activity
• We will read the handout, Adam Smith Meets
Karl Marx together.
• Answer questions 1-5 on your own.
Capitalism vs. Communism
What does Adam Smith want?
What does Karl Marx want?
Summary
• Would you rather live in a Capitalist
or Communist country? Explain.
Unit 3 Assessment:
• Multiple Choice Test
• Essay
• Quiz
Unit 3 Assessment:
• Multiple Choice Test
• Essay
• Quiz
Critical Thinking Questions:
1. How did the Industrial Revolution lead to
competing ideas?
2. For the most part, did the Industrial Revolution
change the lives of the workers in positive or
negative ways? Explain!
3. If you were the head of a labor union what
changes would you make to better the lives of
factory workers?
4. How do the theories of Karl Marx and Adam
Smith differ? How are they the same?
Regents Prep - Industrial Revolution