Capitalism – economic system based on private ownership of business to make profit (Market Economy) Socialism –economic system where the factors of.

Changes in Society

Mr. MizellHumanities, Year

II

Copy down Vocababulary Capitalism – economic system based on private

ownership of business to make profit (Market Economy)

Socialism –economic system where the factors of production are owned and controlled by the government

Communism – belief in a classless society where property is shared and there is equality

Supply & Demand – relationship between availability of goods/services and the desire among consumers

Come in and take a look at this fairly ordinary picture

New York City (1800)

New York City (1900)

New York City (Current)

What might we infer from these three pictures about how society changed (use what you currently know about the Industrial Revolution)?

Essential QuestionHow did societies that

experienced the Industrial Revolution

change?

Industrialized (Review) U.S., Europe,

Japan emerge as world powers

Factories and mass production of goods

Immigration: Push – Pull Factors

Push Factors

War/Violence Racism Famine

Pull Factors

Wages = money/Jobs

Freedom Food

Ellis Island Inspections

Angel Island Inspections

The Immigrant Experience “Well, I came to America because I heard the

streets were paved with gold. When I got here, I found out 3 things: first, the streets weren't paved with gold; second, they weren't paved at all; and third, I was expected to pave them.”

What is he really saying?

Urbanization

Growth of cities Cities offer jobs, entertainment,

and opportunity Have skyscrapers, cheap

apartments, public transportation

Expanding Cities

Social Structure Classes/groups of people defined by their

job/salary/education Big changes:

Large working class in factories Growth of middle class

Pre-IR Social Structure

Nobles, LandownersSmall Middle Class

Peasants/Farmers

Post-IR Social Structure

Upper Class

Middle Class

Lower Middle Class

Working Class and Farmers

New Ideas/Beliefs

Capitalism/ Laissez-faire Govt is to stay out of economy/business!

Social Darwinism Survival of the Fittest - let

people/business who can succeed rise to the top, forget about the “failures”