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The Industrial Revolution. Revolution vs. Evolution. Drastic Change French and American Revolutions Takes a few years. - Slow and subtle change - Evolution of the world takes eons. What inventions are around today that were not around 30 years ago?. What things didn’t exist 100 years ago?.
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Revolution vs. Evolution • Drastic Change • French and American Revolutions • Takes a few years -Slow and subtle change - Evolution of the world takes eons
What inventions are around today that were not around 30 years ago?
What was it? • Rapid industrial growth in the mid 1700’s in England • Industrialism: the process in which manufacturing based on machine power becomes widespread in an area • Spreads to other countries as well, even the U.S.
What was it? • Many people move to cities • Urbanization: a growth in the proportion of people living in cities • Changes the nature of work for most people • Move to factories instead of farmsWHY!?
Importance of the Agricultural Revolution • More effective ways of producing food • Increased food production • Improved health and diet for people • Population explosion • Greater demand for goods • More factories needed to meet demands
Importance of the Agricultural Revolution • Enclosure movement:consolidate the number of farms in Britain • No more common land; smaller farms were condensed into larger farms • Smaller farmers lose their land to larger farmers • Need to find new work go to cities!
Importance of the Agricultural Revolution Fewer farmers needed Industrial Revolution Factories need more workers
Pros of the Revolution! • Technological growth • Medical growth • New wealth • Ushered in a “modern era”
Evils of the Revolution! • Women and children worked 14-16 hour days under life threatening conditions • Wages were low in factories • Slums developed • Crimes increased
Why England? • Plentiful labor (both skilled and unskilled) • Wealthy investors • Good harbors • Abundant natural resources • Favorable climate • Large domestic and colonial markets
New terms from the Revolution • Corporation- form of business in which stock in the business can be bought or sold; investors get a share of the profits in exchange
New terms from the Revolution • Laissez faire economics governments should stay out of business and not control the economy • Adam Smith