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Industrial Revolution and Economic Systems

Requires you to develop charts dealing with various concepts, comparing and contrasting economic systems and developing your own definition of various concepts in Unit VI. This portfolio entry should be in one word document with proper headings for each section

1. Create a three-column chart regarding the Industrial Revolution and how it changed the economy:
a. In the first column, provide what was changed.
b. In the second column, provide a brief explanation on how it changed the economy.
c. In the third column, provide an example from 1900 and an example from today.

2. Research and record three definitions of revolution and terrorism, and then develop your own definition of each. Describe what each means to you, and provide examples.

3. Compare and contrast the various economic systems across the globe. Generate at least three examples of each, and discuss their similarities and differences.

4. Develop another three-column chart, this time dealing with the different types of political systems and the analysis of power.
a. In the first column, list the different types of political systems.
b. In the second column, list the associating source(s) of power for the system (Pluralist, Power-Elite, or Marxist).
c. In the third column, provide example(s) of each political system; these should not come from the textbook.

Solution Preview

Hello and welcome to BrainMass today!

You logged in and asked for help with a series of questions and to create charts. For some reason, I am not able to generate a chart and successfully post it to you because of software issues (I think) so instead, I am going to provide what you need for each column of the chart. As well, after each section, you will find the citations for the sources used. I posted the citations this way so that you can see what was used and where.

1. Create a three-column chart regarding the Industrial Revolution and how it changed the economy:
a. In the first column, provide what was changed.

Column One

The Industrial Revolution changed:
- The number of people employed in industrial manufacturing (textiles, iron goods, metal, pottery, etc.)
- The number of people who left the agricultural field
- Foreign trade
- Population growth spurts/growth or urban living
- Immigration
- Modern ways of manufacturing and mass producing products for resale

Reference

The Industrial Revolution. Found August 16, 2012: http://www.ehs.org.uk/industrialrevolution/PH_intro_2.htm

b. In the second column, provide a brief explanation on how it changed the economy.

Column Two

The Industrial Revolution was a time when production of goods by use of machines began to spread throughout the world, which opened up new job opportunities for millions of people and began a revolution from an agricultural society to a manufacturing society. With this change, people left their farm land and moved to places where there was work. This changed the economy because, for the first time in history, people had steady incomes and were able to use that income to buy food and other products from manufactures. This, in turn, lead to the demand for more products to be produced. With a demand for more products, new job opportunities were created. With these new jobs, even more people had money to purchase food and products. This cycle of prosperity and spending is what generated a strong economy.

Reference

The Industrial Revolution. Found August 16, 2012: http://www.ehs.org.uk/industrialrevolution/PH_intro_2.htm

c. In the third column, provide an example from 1900 and an example from today.

Column ...

Solution Summary

This posting discusses the Industrial Revolution and economic systems.

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