310 likes | 376 Views
Industrial Revolution. Revolution not by speed but by lasting impact. Industrialization. The process of using machines to produce goods. Why the 18 th century?. Increased population due to - decline in mortality (no more plague! smallpox inoculation!)
E N D
Industrial Revolution Revolution not by speed but by lasting impact...
Industrialization The process of using machines to produce goods
Why the 18th century? • Increased population due to • - decline in mortality (no more plague! • smallpox inoculation!) • - new foods, better crops • - earlier marriage, more illegitimacy • (as a result of less community controls) • Why?
Industrial Beginnings: The Cottage Industry • - Pre-industrial
A. Agricultural Innovations - • The Enclosure Movement • larger fields • New methods (crop rotation!) SO…Small farm owners out of business
Effects of new Agriculture:“human capital” • Food supply increased, so… a. Population b. More people want more stuff c. Rural to urban migration – move to cities
B. Resources: England had them 1. Factors of Production: • Definition: resources needed to produce goods and services -Land -Labor (work) -Capital ($)
2. Raw materials • COAL! • METAL! • WOOL! • And…
WATER… Canals: Britain’s Earliest Transportation Infrastructure
Why the Continent was 2nd?
II. New Inventions A. Textile production (wool, cotton, etc): - Spinning Mule (powered by water) Big! Not for use at home!
B. Factories • Large buildings with large machines • Possible benefits? Problems?
How did the factory system change workers’ lives? • Rigid schedule • 12-14 hour day • Dangerous conditions • Mind-numbing monotony
III: The Steam Engine • Steam powered!
Railroad’s effect: 1. Cheap transport industrial growth 2. New jobs (for railways workers, miners) 3. Goods (and people) now traveled farther
Labor Child labor in the mines: “hurriers”
III. Effects on society • Class Division • “Haves” vs. “Have- nots” • Rich vs. Poor • Bosses vs. Workers
B. Rural Urban migration …Rise of cities…and all the problems that come with that
OK, OK…so now people are working for other people in factories. So what? • A MAJOR shift in economic philosophy comes with this WHAT IS ECONOMICS, ANYWAY? -- jobs, industry & working conditions -- paying taxes -- how much money you make…and how that money is spent -- restrictions on businesses…and workers ??? What kinds of RESTRICTIONS might be placed on businesses? Why?
BIG QUESTIONS DURING THE INDUSTRIAL REVOLUTION: -- Should we just TRUST business owners and people to “do the right thing”? -- Or should the government step in (“interfere”) to PROTECT workers and restrict business owners? What do factory owners want? What do workers want?
Economics 101: The Spectrum of Government Interference in Economics Laissez Faire (LESS gvmt. interference) Communism (MORE gvmt. interference) Karl Marx: “Can’t trust business owners!” Adam Smith: “Government keep out!”