Industrialization Project

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Industrialization Project

• By Yuri Nakamaru B4

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Who was and what were Adam Smiths economic
theory?

• Adam Smith was a Scottish economist. Analyzed
  society.
• Laissez-faire left alone, and the self-interest
  of people will move by its own will.
• Wealth of Nations(1776) included economic
  theories. Stated that if the economy was left
  alone, three forces would come into play and be
  most profitable for everyone. These three forces
  were (1) self-interest, (2) competition, (3)
  supply and demand.(Heilbroner)
• The invisible hand private interests and
  passions of men.
• He believed that the invisible hand pushes the
  profit towards different directions that is most
  agreeable to the interest of the whole
  society.(Heilbroner)
• Competition helps even out where the profit goes.
  (Not only one person/company will get all of the
  money)

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How did the Capitalism of Adam Smith evolved into
Industrialization?

• Industrialization was the process of change from
  relying on human/animal labor to the use of
  machines to produce goods.
• Adam Smith believed that competition will even
  out where the profit goes. The Industrial
  Revolution was about self interest, and
  competition between other companies.
• Division of labor caused work to be very
  efficient and factories were able to produce mass
  productions.
• Skilled people were able to get jobs, and those
  that complained were thrown out because of the
  competition to get jobs was very high.
• Population increased, but the working conditions
  declined greately.

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The Industrial Revolution was a competition
between companies. This pictures shows many cars
from different companies, portraying the
competitive business.
http//www.jockam1240.com/upload/hillclimb-cars-lg
.jpg
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Life styles that were influenced by the
Industrial Revolution

• Good
• More foreign trade.
• People urbanized. (Started living in the city)
• Development of factories. Advanced technology.
• Private Companies that ran for their own self
  interest and profit.
• Non-government owned operated companies

• Bad
• Bigger range between the rich and poor
• People had to work harder and had more demanding
  work routines. Child Labor (Tignor)
• Damages the natural world and its
  resources.(Kaczynski)
• Tradition fades as people leave their villages to
  make money(Kaczynski)

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This is a picture of a child working in the
factories just like adults. The lifestyles of
people changed dramatically not only for adults,
but for young children. They were treated just
like adults in these factories.
http//www.dol.gov/oasam/library/special/child/sew
ing2.jpg
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How changes in lifestyles led to Social Darwinism

• Social Darwinism was the belief of survival of
  the fittest. Only those that had the right traits
  to survive will succeed in business.
• If they are not sufficiently complete to live,
  they die and it is best that they should die.
  (Spencer)
• The poor people, made from the result of
  Industrialization, were meant to be poor and work
  overtime, because they dont have the right
  traits to succeed in the Industrial Revolution.
  The whole effort of nature is to get rid of
  them, and make room for the better. (Spencer)
• To succeed, it means that they have increased
  their own individual self interest.This is not
  an evil tendency in business. It is merely the
  working out of a law of nature and of God.
  (Rockefeller)

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This is a phylogenic tree designed to show the
relationships between species. This symbolizes
Social Darwinism, because those that dont have
the traits to go on, cannot reach to the top of
the tree.
http//www.iephb.nw.ru/labs/lab38/spirov/GIFS/hox-
tree.gif
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How changes in lifestyles led to Marxism

• Marx believed that the society is divided into
  classes (Byres) In the Industrial Revolution,
  there was a bigger gap that divided the rich
  class and the poor class.
• The proletariant, or the working class, held the
  key and was the building block to all of the
  society. The labor that the lower class put in,
  helped the Industrial Revolution to go on.
  Without it, it wouldve developed much slower.
• There will be a revolution caused by the lower
  class, because they have a sense of unity, being
  together in the factories all day long, and
  noticing their disadvantages.

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Karl Marx is the originator of Marxism. He
believed that the working class held the power,
and they will cause a revolution.
http//www.bartleby.com/86/5901.gif
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Work Cited

• Byres, Terrence Adam Smith, Malthus Marx
  Greenhaven Press, St. Paul, Minn, 1980
• Heilbroner, Robert The Worldly Philosophers, New
  York 1986
• Kaczynski, Theodore Industrial Society and the
  Future, Sacramento Bee lthttp//www.unabombertrial.
  com/manifesto/intro.htmlgt, Feb 16th, 2003
• Rockefeller, John D. Document C, from Mr.
  Sweenys History Quiz
• Spencer, Herbert Document B, From Mr. Sweenys
  History Quiz
• Tignor, Robert World Together Worlds Apart WW
  Norton, NY 2002