SECTION 3 New Ideas in a Getting Started 5SE THE Interactive Reader and Study Guide TO FAMILIARIZE STUDENTS WITH THE SECTION New Society CONTENT BEFORE Y OU R EAD Take notes Interactive Reader and Study Guide, on the new Section 3 MAIN I DEA READING F OCUS KEY T ERMS AND P EOPLE ideas of the Industrial Revolution. The Industrial Revolution 1. What new ideas about laissez-faire Name ______Class ______Date ______inspired new ideas about economics developed during Adam Smith The Industrial Revolution Section 3 economics and affected the Industrial Revolution? Thomas Malthus New Ideas society in many ways. entrepreneur MAIN IDEA 2. What competing economic The Industrial Revolution inspired new ideas about economics and affected society in many ways. ideas arose as a result? Andrew Carnegie socialism Key Terms and People 3. How did the Industrial laissez-faire the idea that governments should not interfere in business Karl Marx Adam Smith the leading advocate of laissez-faire economics Revolution affect society? Thomas Malthus thinker whose beliefs about poverty were used to justify low wages communism entrepreneur someone who starts a business Andrew Carnegie industrialist who led the expansion of the American steel industry standard of living socialism the theory that society, not individuals, should own all property and industry Karl Marx German thinker who put forth a radical view of socialism communism a system in which the government controls the economy standard of living level of material comfort experienced by a group of people What marvels of industry were grandeur does not consist in one thing, but in the unique Taking Notes all As you read the summary, use the chart below to show results of the displayed in a glass palace? In assemblage of things.” Brontë was impressed by the Industrial Revolution. Add ovals as needed. 1851 the Great Exhibition in London wide range of exhibits, including “great compartments drew residents and visitors to a huge glass and iron build- filled with railway engines and boilers, with mill machin- ing called the Crystal Palace. Inside the marvelous structure ery in full work . . .” All these remarkable exhibits showed were nearly 14,000 exhibits, many of which displayed the accomplishments of the Industrial Revolution. People industrial products and processes. English writer Charlotte came from far away to gawk at those achievements. In fact, Brontë was dazzled by the exhibition: “It is a wonderful some 6 million visitors from across Europe and elsewhere place—vast, strange, new, and impossible to describe. Its attended the exhibition.
Original content Copyright © by Holt, Rinehart and Winston. Additions and changes to the original content are the responsibility of the instructor. Modern Era Chapter 7 83 Interactive Reader and Study Guide A P ALACE FOR New Ideas about Economics During the late 1700s and early 1800s indus- Academic Vocabulary INDUSTRY trialization was changing not just products and work, but also how people thought about Review with students the high-use academic economics. One change was that mercantilism term in this section. was giving way to capitalism and competition. stance attitude or position (p. 648)250) Capitalism and Competition Under the CRF: Vocabulary Builder: Section 3 old mercantile system, governments restricted trade to protect their own industries from for- Taking Notes eign competition. Then, starting in the late 1700s, some people said that governments new ideas about economics; entrepreneurs should not interfere in business. This idea is built fortunes; new industries developed; called laissez-faire (lehz-ay- FEHR ) economics, lives of women changed; migration of job from a French phrase meaning “free to do.” seekers from countryside to city; cities became crowded and dangerous; pollution of air and water; population grew rapidly; Visitors crowded into the Crystal Palace standard of living in industrialized countries to view the displays. improved; Great Britain, France, and Germany emerged as global leaders; United 248 Dickinsons’ Pictures of Great Exhibition, 1851 States benefited from industrialization Teach the Main Idea At Level go.hrw.com Online Resources Results of the Industrial Revolution KEYWORD: SHL IND 1. Teach !SK STUDENTS THE 2EADING &OCUS