INDUSTRIAL REVOLUTION:
Great increase of machine-made goods that began in England in the 18th century.
Great increase of machine-made goods that began in England in the 18th century.
Causes:
1) Meet the needs of a growing population
2) Britain contains the land, Labor and Capital (factors of production)
ex. abundance of Natural Resources: Water and Coal
3) Growth of New Inventions
ex. Steam power, Railroads, agricultural inventions
4) Desire for consumer goods spread
ex. Development of textile
5) Factory System Developed
ex. Assembly lines
Effects:
1) Urbanization- City building and the movement of people to the cities
ex. London became Europe's largest city; Manchester became center of Cotton Industry
2) Poor living conditions:
ex. sickness and disease; long hours of work; factory discipline was harsh; filthy sewer
3) Growth in a Middle Class/Bourgeoisie
ex. Rise in the standard of living; designation of classes becomes more distinct
4) Age of Capitalism
ex. Lassiez-Faire, The invisible hand and Laws of Supply and Demand
5) Rise of Socialism and Marxism
ex. Socialism: factors of production owned by public and operated for welfare of all
ex. Communism: means of productions owned by government
ex. Rise of Karl Marx and the Communist Manifesto
1) Meet the needs of a growing population
2) Britain contains the land, Labor and Capital (factors of production)
ex. abundance of Natural Resources: Water and Coal
3) Growth of New Inventions
ex. Steam power, Railroads, agricultural inventions
4) Desire for consumer goods spread
ex. Development of textile
5) Factory System Developed
ex. Assembly lines
Effects:
1) Urbanization- City building and the movement of people to the cities
ex. London became Europe's largest city; Manchester became center of Cotton Industry
2) Poor living conditions:
ex. sickness and disease; long hours of work; factory discipline was harsh; filthy sewer
3) Growth in a Middle Class/Bourgeoisie
ex. Rise in the standard of living; designation of classes becomes more distinct
4) Age of Capitalism
ex. Lassiez-Faire, The invisible hand and Laws of Supply and Demand
5) Rise of Socialism and Marxism
ex. Socialism: factors of production owned by public and operated for welfare of all
ex. Communism: means of productions owned by government
ex. Rise of Karl Marx and the Communist Manifesto