Do Now: Grab a worksheet Objectives Students will be able to...(1)define laissez-faire economics (2) think about supply and demand Homework: 14.1 DUE FRIDAY Industrial Revolution • Began in the early 1800s • Still lots of farming… • After Civil War, industry EXPLODED • Gross National Product (GNP) – total value of goods and services produced by a country Natural Resources • What resources does the US have? • Why is it better to have them in the US instead of bringing them in? • What invention played a HUGE role in revolution? Oil… • New resource – Petroleum • Turned into Kerosene • Edwin Drake – First to drill in Pennsylvania Large Workforce! • 1860-1910: Population of US Tripled • Two reasons: – Large population – Immigrants (20 Million) • • • • Laissez-Faire – “Let Do” Government should not interfere with companies What happens if government controls businesses? Free market – competing companies (Supply and demand) LOW TAXES Entrepreneurs – people who risked money to start businesses – people made $$$$ Key Terms • Complete the vocabulary worksheet on the back Do Now: Make a list of the top 5 inventions of all time (Your Opinion) Objectives: Students will be able to...(1) identify the inventions of Edison and Bell (2) transfer key information off a timeline to a class activity. Homework: Finish 14.1 New Inventions Rule • http://www.youtube.com/watch?v=HS0YSKa 0hhA Alexander Bell and the Telephone • Crazy idea: Talking through telegraph • 1874:Alexander Graham Bell invented first telephone Thomas Alva Edison • Most famous inventor of 1800s • Symbol of emerging technology • Light bulb and Electric Generator • https://www.youtube.com/w atch?v=ZlxVDdBtFQQ Timeline • Complete Thomas Edison Worksheet • Create a twitter profile as a reporter for major inventions of the 1800s and 1900s – Must have at least 4 Posts about Edison inventions! – Must have 4 from ‘New Inventions’ Section on page 439-440 Advertisement • Choose two inventions and create an advertisement poster for them. • Top 5 will be hung up! Ticket to Leave • What do you think was the most important invention of the 1800s? Why?