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Eden
Bedoya3/22/21APWHPd7AMSCO Unit 55.1-1.Wollstonecraft’s main goal in this passage is
to

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2.Which of the following writers would LEAST likely tư vấn the goals of MaryWollstonecraft?

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3.What part of the excerpt is connected most closely to the ideals of theEnlightenment?

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5.2-1.In which two revolutions was the growing power of the middle class a majorcause of revolt?

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2.Which revolution most directly addressed the unequal distribution of economicopportunity and resources?

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3.Which generalization applies to all the revolutions listed in the table?

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5.3-1.Which of the following changes best explains one of the main causes of the trendshown in the chart?

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2.Which of the following changes explains one of the main effects of the trendshown in the chart?

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3.Which was the most important part of the context in which the change shown inthe chart was occurring?

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    School
    University of Texas Course Title
    HISTORY 56720 Pages
    7

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5.7Economic Developmentsand InnovationsMan is an animal that makes bargains: no other animal does this – no dogexchanges bones with another.-Adam Smith (1723-1790)Essential Question:How did the development of economic systems,ideologies, and instiMions contribute to changebetween 1750 and 1900?

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Effects on Business OrganizationNew ways of organizing businesses arose during the Industrial Revolution.Some manufacturers formed giantcorporationsin order to minimize risk. Acorporation is a business chart red by a governm nt as a legal entity
ownedbystockholder•s(individuals who buy partial ownership directly from thecompany when it i formed or l ter through astock market).Stockholdersmight receive sums of money, known as di idends from a corporation whenit makes a profit. If a cm;porationxperiences a loss or goes bankrupt thestockholders are not liable for the losses. The most that stockholders can loseis what they paid for the stock in the first place.Markets with One SellerSome corporations became so powerful
thatthey could form amonopolycontrol of asp cific business and elimination ofall competition. For example, Alfred Krupp of Essen, Germany; ran a giganticcompany that used theBessemer process_.a more effici nt way to
produceECONOMIC DEVELOPMENTS AND INNOVATIONS325

steel gaining a monopoly in the German steel industry. In the United StatesJohn D. Rockefeller created a monopoly in the oil indust:Iy.Companies Working Across BoundariesBritish-bornCecil Rhodesfounder of D Beers Diamonds
was an specially enthusiastic investor in arailroad project that was to stretch from Cape Town in modem-day SouthAfrica to Cairo Egypt. Connecting all of the British-held colonies with atransportation network could make go emance easi rand aid in conductinga war if necessary. The project was never completed because Britain
nevergained control over a□the land on which such a railroad was to be built.

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