November 9 - Doesn’t affect classes equally Due to...

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-A process of economic change, characterized by mechanization, specialization, and or rationalization intended to increase productivity to increase wealth. -More products for sale = More profits -Mechanization- make machines to replace humans -Specialization-devote all time to produce one thing -Rationalization- be as efficient as possible Building an Industrial System -All components interdependent -If you don’t have technological innovation, it retards the system Role of Technology -Solution to economic problem Unplanned and Uneven -Who? When? Where? Unforseen consequences -Erratic economic cycles Social division (class, race, gender)
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Unformatted text preview: Doesn’t affect classes equally Due to industrialization Hand to power machines Shop to factory No longer work at home, go to work in a factory-Local to mass market-Can now produce 5000 horseshoes a week, sell more widespread-Goods are standardized-Family roles-now, dads are breadwinner –moms, stay at home and create good home environment-children no longer have chores, they go to school-economic function is to produce goods relationships change relationships are impersonal role of government chages govt takes active role in legal changes-subsidizing -govt has direct role in making economy grow...
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