-How do they respond to Classical Liberalism?
Assignments Due
-How do they respond to Classical Liberalism Graffiti Project
Tuesday 24 November 2015
Monday 16 November 2015
Week 5 Nov 2-6
Materials we went over this week:
The Industrial Revolution
The idea of Classical Liberalism
Capitalism (Free-Market)
Work done in class:
Explanation of Capitalism Sheet, Grants an explanation of capitalism and how it work.
Video of The Triangle Shirtwaist Factory Fire, Showed everything wrong with the building and how exactly the fire happened and the consequences.
Classical Liberalism: A political ideology that values the freedom of individuals, including the freedom of religion, speech, press, assembly, and markets, as well as limited government. It developed in 18th-century Europe and drew on the economic writings of Adam Smith and the growing notion of social progress.
Industrial Revolution: The process of change from an agrarian, handicraft economy to one dominated by industry and machine manufacture. This process began in England in the 18th century and from there spread to other parts of the world.
Capitalism (Free-Market): A system of economics based on the private ownership of capital and production inputs, and on the production of goods and services for profit. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy). Capitalism is generally characterized by competition between producers. Generally with little to no involvement from the government. A free market has some positives and negatives.
Positives: There is a better production from private companies, companies can provide competition for other businesses, increased wealth.
Negatives: There is a higher chance of companies starting a monopoly
Triangle Shirtwaist Factory Fire: A massive fire which could have easily been avoided if the owners put in proper safety methods. It was a true sweatshop, employing young immigrant women who worked in a cramped space at lines of sewing machines. Nearly all the workers were teenaged girls who did not speak English and made only about $15 per week working 12 hours a day, every day. In 1911, there were four elevators with access to the factory floors, but only one was fully operational and the workers had to file down a long, narrow corridor in order to reach it. There were two stairways down to the street, but one was locked from the outside to prevent stealing and the other only opened inward. The fire escape was so narrow that it would have taken hours for all the workers to use it, even in the best of circumstances.
Invisible Hand: The invisible hand refers to the self-regulating nature of the marketplace in determining how resources are allocated based on individuals acting in their own self-interest.
Assignments:
Changing Adam Smith Quotes, A worksheet where we had to change things Adam Smith said in 1776 to a more common, up to date speech.
Concepts Learned:
A basic understanding of capitalism, and how it affects the economy.
How the economy works.
The dangers of capitalism.
Created by Nick Dunbar, posted by B.Plastow
Works Cited
"Capitalism Definition | Investopedia." Investopedia. N.p., 18 Nov. 2003. Web. 10 Nov. 2015. <http://www.investopedia.com/terms/c/capitalism.asp>.
"Chegg.com." Definition of Classical Liberalism. N.p., n.d. Web. 10 Nov. 2015. <http://www.chegg.com/homework-help/definitions/classical-liberalism-53>.
"Fire Kills 145 at Triangle Shirtwaist Factory." History.com. A&E Television Networks, n.d. Web. 10 Nov. 2015. <http://www.history.com/this-day-in-history/fire-kills-145-at-triangle-shirtwaist-factory>.
"Industrial Revolution." Encyclopedia Britannica Online. Encyclopedia Britannica, n.d. Web. 10 Nov. 2015. <http://www.britannica.com/event/Industrial-Revolution>.
"Invisible Hand." Definition & Example. N.p., n.d. Web. 10 Nov. 2015. <http://www.investinganswers.com/financial-dictionary/economics/invisible-hand-771>.
Wednesday 4 November 2015
October 26-30 2015
Material we went over this week:
- Analyzed three sources in class
- Defined status quo and anarchy
- Discussed Karl Marx
- Did unit 2 (chapter 1-2) test on October 30th
Work done in class:
- Analyzed two quotes and a cartoon in preparation of the test.
- Status quo- To keep things the way they are currently.
- Anarchy- the absence of government, complete individual freedom.
- Karl Marx is known as the father of communism, he is an extreme revolutionary and believes that violence can solve issues, he is far left on the spectrum.
Assignments:
- Which is more significant in shaping your identity, nationalism or ideology? (Wrote a brief paragraph stating whether nationalism or ideology is more important in forming your identity.)
- Created your own ideology (In order to sum up what we learned about ideologies we created our own and placed them on a spectrum in order to connect them to other ideologies)
I believe everything we worked on this week majorly helped in preparing for our exam Friday as well as the writing assignment is helping improve our writing skills. Analyzing the cartoons and writing the paragraph on Ideology/Nationalism will also be beneficial for other writing assignments as well as the diploma.
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