Unit 7 Flashcards
- Where did the Industrial Revolution begin?
England, in the late 1700s.
- Identify three factors that led to the Industrial Revolution.
1) New larger workforce 2) Access to resources 3) Access to new capital 4) New inventions and technologies
- Briefly describe one way in which the steam engine transformed society.
The steam engine allowed factories to operate with large assembly lines and facilitated the movement of people and goods over large areas
- What two inventions dramatically increased the production of textiles?
The spinning jenny and the power loom
- Define a cottage industry.
A small-scale business, usually operated out of a person’s home, in which individuals typically use traditional techniques and tools to produce custom goods by hand
- How did the Industrial Revolution impact social classes and population growth?
The Industrial Revolution allowed for the emergence of the middle class and increased the population growth of society as economic development occurred
- How did the Industrial Revolution impact the population distribution of countries?
Birth rates remained high while deaths dropped. This created a population boom, which enabled cities to expand and the middle class to emerge. All of this was due to new technologies and a new food surplus
- Describe how the enclosure movement impacts urban areas.
Farmers started to migrate to urban areas in search of economic opportunities in the cities. This migration happened as the communal land was privatized, and people were forced to look for work elsewhere
- What did industrialized countries hope to acquire through colonialism and imperialism?
1) Raw resources 2) Labor 3) New markets
- Identify three positives to the Industrial Revolution.
1) Increased standard of living 2) New middle class 3) Greater food surplus
- Identify three negatives to the Industrial Revolution.
1) Unequal economic development 2) Increased child labor 3) Resource exploitation Topic
Term Primary
Primary: Jobs and activities that involve extracting natural resources from the Earth: Farming, coal mining, logging: Near natural resources
Secondary
Secondary: Jobs and activities that take raw resources to produce or manufacture products of greater value: Processing wheat into flour, manufacturing, textile industry: Located near raw materials or close to the market. (Depends on the cost of shipping)
Tertiary
Tertiary: Jobs and activities that provide a service for other individuals: Lawyers, doctors, Uber drivers, salespeople: Located where services are required. (Generally urban areas)
Quaternary
Quaternary: Jobs and activities that revolve around acquiring, processing, and sharing information: Teachers, researchers, journalists: Improved communication/ technology allows these services to be located anywhere
Quinary
Quinary: Jobs and activities that revolve around making decisions: CEOs of businesses, government officials: Improved communication/ technology allows these services to be located anywhere
- What is a value-added product?
A product that has been processed in a way that increases its overall value. (The final product is worth more than the original raw materials used to make it)
- Explain what happens to a country’s workforce as the country develops economically.
Preindustrial countries have the majority of their workforce in the primary sector of the economy. As the countries develop economically and industrialize, they start to see more jobs open up in the secondary sector of the economy. Eventually, the countries will continue to develop and become postindustrial economies. At this point they might experience deindustrialization, as jobs in the secondary sector are eliminated and are replaced with jobs in the tertiary sector of the economy
- What is a multinational corporation?
A company that has business operations in at least one country other than the country in which it is based
- Define “deindustrialization.”
The decline of industrial production and manufacturing in an economy or region
- What is a break-of-bulk point?
A location where goods are transferred from one mode of transportation to another. (Most common are ports or airports
- What three factors does Webers least cost theory use when determining where to locate production?
1) Transportation costs 2) Labor costs 3) Agglomeration
- Explain the difference between a bulk-gaining product and a bulk-reducing product.
Bulk-reducing products become lighter and easier to transport after they are produced, which allows those industries to locate themselves near the heavier raw resources. Bulk-gaining products become heavier after they are produced, making them more expensive to transport. Accordingly, these industries locate themselves closer to the market
- Explain how Weber’s least cost theory describes the location of industries and resources.
Industries will first locate their production based on the transportation costs of the raw materials and the final goods. Other factors that impact the decision of where to locate are the labor costs and economic benefits of agglomeration
- Identify three things that Weber’s model does not take into consideration.
1) Government policies 2) Cultural preferences 3) Environmental concerns.
Core country
A country with advanced economies and the highest standard of living.
Semi periphery country
Countries that have emerging economies and are industrializing.
Periphery country
Countries that still rely heavily on the exportation of raw resources to more economically developed countries(lowest standard of living)
- What is the difference between the formal economy and the informal economy?
The formal economy consists of economic activities that are recognized by law and are overseen by the government. The informal economy consists of economic activities and jobs that are not regulated or protected by the government
- Identify two things that people who work in the informal economy lack.
1) Healthcare 2) Paid sick leave 3) Social protections (e.g. minimum wage laws)
- What are two examples of jobs in the informal economy?
1) Domestic work 2) Illegal businesses 3) Unregistered small businesses
Gross Domestic Product GDP:
The total value of all goods and services produced within a country’s borders over a specific period of time
Human Development Index HDI:
An index that is used to measure the social and economic development of a country by analyzing a country’s life expectancy, expected years of schooling, and gross national income per capita
Gross National Product GNP:
The total economic output produced by a country’s residents and businesses, regardless of their location
Gross National Income GNI:
The total amount of income generated by a country’s residents and businesses, both domestically and abroad, in a given year
Gross National Income Per Capita GNI per capita:
Measures the standard of living of a population by giving an estimate of the average income earned by each individual in a society
Gender Inequality Index GII:
A composite index that measures gender-based inequalities in health, education, and economic participation
- What index would you use to better understand the standard of living in the country?
GDP
- Which HDi score reflects more economic and social development 0.98 or 0.30? Explain.
A score of 0.98 reflects a more developed society. The highest score a country can get is 1.0
- Which country has less gender inequality-Country A, with a GIl of 3, or Country B, with a GIl of 8?
Country B has more inequalities between men and women, since the score is closer to 1.
- What is the difference between the maternal mortality ratio and the adolescent fertility rate?
The maternal mortality ratio measures the number of maternal deaths per 100,000 live births that occur due to pregnancy or childbirth-related complications. The adolescent fertility rate is the number of live births per 1.000 women aged 15-19 years old in a given year.