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Economic growth

chapter 30

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Foundations of industrialization Coal critical to the early industrialization of Britain Shift from wood to coal in eighteenth century; deforestation caused wood shortages Abundant, accessible coal reserves in Britain Overseas colonies provided raw materials Plantations in the Americas provided sugar and cotton Colonies also became markets for British manufactured goods Grain, timber, and beef shipped from United States to Britain after 1830 Demand for cheap cotton spurred mechanization of cotton industry John Kay invented the flying shuttle, 1733 Samuel Crompton invented the spinning "mule," 1779 Edmund Cartwright invented a water-driven power loom, 1785 James Watt's steam engine, 1765 Burned coal, which drove a piston, which turned a wheel

AP Macroeconomics Unit 1 Study Guide

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AP Macroeconomics UNIT 1 Study Guide (Chapters 1-3) Part 1: Multiple Choice (36 questions, 2 points each) 1. Provide a definition for scarcity as it relates to economics 2. Understand the concept of opportunity cost and be able to apply it to a real life scenario (I.e. going out rather than studying for this test) 3. Provide a definition for the production possibilities curve as it relates to the allocation of resources in a society. 4. Describe the shape for a production possibilities curve as it relates to constant or increasing opportunity costs. 5. Provide a definition for the market mechanism. 6. Describe Karl Marx?s approach to the 3 basic economic questions

Unit One Power Point " Living in the Environment" Miller

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"Only after the last tree has been cut down. Only after the last river has been poisoned. Only after the last fish has been caught. Only then will you find that money cannot be eaten." - Cree Indian Prophecy?? Environmental Science? Natural + Social Sciences How Earth works, how we affect it, what we can do to minimize impact Ch 1: Environmental Problems, Causes and Sustainability Problem: Exponential Population Growth ~6.6 Billion Predict: 7-14 Bill. by 2100 Use too much too fast ? not sustainable Sustainable: provides food, shelter, water, air indefinitely for generations Red-linear, Blue-cubic, Green-exponential The Rule of 70 Exp. Growth: Birth Rate higher than Death Rate Doubling time of pop. depends on % growth rate

The Industrial Revolution

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The Industrial Revolution (1780-1850): Overview of the Industrial Revolution: Machines began to replace humans in the manufacturing of goods. Use of the Steam Engine for producing textiles in the 1780s was the turning point. Europe Gradually transitioned from an agricultural and commercial society into a modern industrial society. By the Mid 19th Century, industrialism had spread all across Europe. The economic changes of the industrial revolution did more than any other movement to revolutionize life in Europe and western civilization. Roots of the Industrial Revolution: Begins with the Commercial Revolution (1500-1700) Price Revolution (Inflation) Rise of capitalism Scientific Revolution Increased in population Cottage Industry New Technology

AP Human Geography Ch 11 Industry study guide (Pearson, Rubenstein)

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Chapter 11: Industry AP Human: Rubenstein Intro Industry: manufacturing goods in a factory persistence or diligence in creating value Factories use large amt of people, machinery, and money Industry?much more highly clustered in space than agriculture Suitability of industry?based on distinctive labour, land and capital 2 connections critical in determining best factory location Where markets are located Where needed resources are located Before, industry?clustered in few communities in few MDCs, Now, industry diffused to many LDCs US lost factory jobs in 2000s b/c jobs being sucked into other countries from recently closed US factories; future of US manufacturing in jeopardy Gov?t recognizes powerful role of industry in economic health of community

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