Scientific and technological advancements

Scientific and technological advancements

Scientific and technological advancements have had substantial, persistent effects on the world, especially on the resources that people use to satisfy their daily needs. The effects include changes to the economic relationship among people, a distribution of wealth for different societies, and more effective methods of global communication. You have studied the major economic theories and their relationship to social change and industry. For this task, you will be required to identify two social consequences of the First Industrial Revolution that you consider to be the most significant. You will also be required to identify two differences between capitalism and communism that you consider to be the most significant.

Task:

A. Justify your choice of the two most significant social consequences of the First Industrial Revolution (circa 1780-1850).

B. Discuss how the First Industrial Revolution contributed to the rise of capitalism.

C. Discuss how the rise of capitalism led to the development of communist theory.

1. Justify your choice of two significant differences between capitalism and communism.

D. When you use sources, include all in-text citations and references in APA format.

Note: When bulleted points are present in the task prompt, the level of detail or support called for in the rubric refers to those bulleted points.

Note: For definitions of terms commonly used in the rubric, see the Rubric Terms web link included in the Evaluation Procedures section.

Note: When using sources to support ideas and elements in a paper or project, the submission MUST include APA formatted in-text citations with a corresponding reference list for any direct quotes or paraphrasing. It is not necessary to list sources that were consulted if they have not been quoted or paraphrased in the text of the paper or project.
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