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The main visual element is capitalism personified as fat, greedy giant shaking money out of a worker into his money bags. The fat greed giant also represents those who benefit from capitalism. The work represents the exploited workers (child laborer, immigrants, factory workers). I think this cartoon was created to point out the evils of capitalism. The cartoonist obviously thinks capitalism is good for some people, but bad for the actual workers. I think I can safely assume the author is against this aspect of capitalism. The message of the cartoon is also depicted in the text found at the bottom of the cartoon. The cartoon is a parody of Jack and the Beanstock.

Site: image from:http://depts.washington.edu/labhist/laborpress/images/Socialist Voice

feedback - goals2

My goals were: 1) Master the blogging software, and 2) Become more comfortable with posting assignments on my blog. I think I have met both goals and will be able to work with blogger comfortably for the rest of the year. The only thing i haven't learned yet, is how to customize the background.

You need to SPEND money to MAKE money

You need to spend money to make money - There is a certain amount of risk with any venture to make money. For instance: you want to produce a Pez-Pod, you need money. You can get it from A. Your money (you have all the risk) B. Get a bank loan (you and the bank both have risks) C. You make limited partnerships (you and your partners all have risks) D. Sell stock to people (you and the stockholders have all the risk).
This risk is created by the possibility of the Pez-Pod failing to sell thus depriving you and anyone who gave you money of your investment. This works with any business. You need to have initial funds in order to do anything at all (except possibly for charity).

Net Effects of the Industrial Revolution

Pros:

1. Products made cheaper and easier to manufacture.


2. Economic boom.


3. More jobs to go around (even if they were horrible).


4. Took America to the forefront of technological advances for the time period.

Cons:

1. People were paid little to do lots of work.


2. Entire families worked including children and only the father got paid.


3. Pollution increased exponentially.


4. People were forced to transition from mild farm life to hard factory life.