industrial revolution, capitalism, and communism |
The industrial revolution changed the way goods were produced and paved a new way for industrialization. Not only did it create benefits but also drawbacks with have creating labor unions and creating more poverty. The industrial revolution benefited with making cities grow but dirty and more employment. Due to Karl Marx introduced communism. With capitalism somewhat being in society only owners of companies benefited. Workers would make less profit with Capitalism around which is a reason for the introduction of labor unions. Labor unions were actually able to create a change working conditions during the time period of the industrial revolution.
|
big idea OneIndustrial Revolution impact on the rise of socialism and communism: Made a system where everyone would be equal.
|
big idea TwoImpact on Industrial Revolution with goods production: Products were produced much faster and cheaper. Due to more products being produced more profit was made.
|
big idea ThreeHow capitalism lead to industrial revolution: Only the owners of factories would benefit from capitalism which got factory workers mad and lead to the creation of labor unions.
|
important vocab words
- Communism: A society created by Karl Marx where people of a class are at war advocating that each person works and gets according to their abilities
- Capitalism: An economy where all trade is controlled by private owners
- Industrialization: Process in which a society transforms into a society based on production of goods
- Karl Marx: Created communism and believed capitalism was wrong
- Labor unions: A group of workers that come together who's only intentions are to protect their right and interest