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Learning Target: I will be able to explain how factories and new inventions caused changes in prices and quantities of goods in the United States.
Illinois Social Science Standards
Illinois Social Science Standards
SS.H.1.6-8.LC: Classify series of historical events and developments as examples of change and/or continuity.
SS.H.1.6-8.MdC: Analyze connections among events and developments in broader historical contexts.
SS.H.1.6-8.MC: Use questions generated about individuals and groups to analyze why they, and the developments they shaped, are seen as historically significant.
SS.EC.2.6-8.LC: Analyze the role of innovation and entrepreneurship in a market economy.
SS.EC.2.6-8.MdC: Describe the roles of institutions, such as corporations, non-profits, and labor unions in a market economy.
SS.EC.2.6-8.MC: Explain how changes in supply and demand cause changes in prices and quantities of goods and services, labor, credit, and foreign currencies.
Key Terms
Key Terms
Second Industrial Revolution - Period of rapid industrialization beginning about 1850 due to increased production of steel, and the use of petroleum and electricity as energy sources.
Bessemer Process - A method of producing a large quantity of low cost steel.
Industrialization - A period of change that transforms a group of people from an farming society into a factory-based society.
Innovation - the act of inventing or creating new ideas and products.
Mass Production - which is the process of making large quantities of a product quickly and cheaply.
Supply - is the amount of a resource or product that is available to buy or sell.
Surplus - more than what is needed or used; excess.
Steel Production Today
Steel Production Today
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