Transcript Industrial Revolution Intro

Industrial Revolution
Introduction
Where are we at today….
• Globalization
The tendency of investment and businesses to move
beyond national markets to other countries, thereby
increasing the interconnectedness of different markets
(businesses).
Globalization has had the effect of increasing not only
international trade, but also cultural exchange.
Why is this happening??
Activity
• Need four volunteers…
• Round 1:
• Part A: when I say go you can try and grab as many paper
clips as possible…for every two paper clips that you grab
you will receive 1 piece of candy
Activity
• Round 2:
• Part B: when I say go you can try and grab as many paper
clips as possible from your section…for every 2 paper clips
that you grab you will get 1 piece of candy
• WHAT HAPPENED??
Market Economies
• Protection of property rights, our laws, and open
markets encourage people to make long term
investments which creates…..innovation in
• Education, buildings, innovation, infrastructure, etc
• This in turn generates income over the long run, raising
living standards and human well being (according to
those who support globalization)
“Necessity Is the Mother of
Invention”
• Vinyl Record>>>> 8-Track Tape>>>>
Cassette Tapes>>>Compact
Disc>>>>MP3 >>>
• The process of inventing never ends.
One invention inevitably leads to
improvements upon it and to more
inventions