Documente Academic
Documente Profesional
Documente Cultură
INDUSTRIAL
REVOLUTION
IDs.
Capitalism
Industrial Proletariat
Sadler Commission
Child Labor Laws
Jeremy Bentham
Utilitarianism
Thomas Malthus
David Ricardo
Comte de SaintSimon
Karl Marx
James Watt
Adam Smith
Entrepreneur
Trade union
Luddites
Joint-stock
investment bank
Introduction
Introduction
Why Britain?
Reasons:
Fundamental changes:
Production of goods
Way of life
Overseas colonies
Self-sufficiency
Acquired colonies to ensure that the mother colony
Population Explosion
Entrepreneurs
Colonial Empire
Role of Government
Avoided devastation from continental wars
Rise of the House of Commons
Favorable business legislation
Agricultural Changes
Fueled urbanization
Industrial proletariat
Second: Improved
Techniques
Technological
Advancements
Textiles
John Kay
1733
Flying Shuttle
Increased weaving
capability
James Hargreaves
1760
Spinning Jenny
Increase thread
production
Richard Arkwright
1769
Water Frame
Water powered
Greatly increased
thread production
Low quality
Samuel Compton
1779
Spinning Mule
Perfected
Hargreaves's and
Arkwright's
inventions
Edmund Cartwright
1785
Power Loom
Mechanization
Rise of Factories
Mining
Coal
Terrible conditions
Labor intensive
Limited regulation
Slowly mechanized and improved
Iron
Abraham Darby
Pig Iron
Transportation
Steam
Greatest Achievement
Allowed factories to be constructed away from
rivers
James Watt, 1755
Adapted it to many industries
Transportation
Determines Cost
Availability of resources
Communication
The driving force behind the Industrial
Revolution.
Waterways
Privately funded
Duke of Bridgewater
Steamboat
Robert Fulton (Am.)
Railroads
Tramways
Human or animal powered
Switched to utilized the steam engine
George Stephenson
Railroad Advancement
Dominated transportation
Expansion
1836-1,000 miles
1852-7,000 miles
Impact:
Reduced cost
Increased industrial productivity
Increased urbanization
Economics: Capita,
Labor, Laissez
Wealth
Feudal Societies
Transition of Wealth
Investments
Joint Stock Companies
Capital
Long-Term
Short-Term
Wages
Banking Problems
Laissez Faire
Classical Economics
Hands off
Adam Smith
Wealth of Nations
Capitalism
Opposed
Mercantilism
Individuals should
follow their
Enlightened selfinterest
Thomas Malthus
Clergyman
Feared rapid
population Growth
David Ricardo
In Principles of
Political Economy
Iron Law
Birth Rate Wages
Elimination of plagues
Factory Locations
Factors:
Power supply
Labor supply
Factory towns
Mining Towns
The Towns
Urbanization
Population problem
Physical Conditions
Diseases
Typhoid
Cholera
Labor Problems
Horrible Conditions
Child labor exploitation
Workers were disposable
Unionization
Luddites
Groups began to organize to resist the exploitation
Labor Problems
Poorhouse
Provided work to whose who were
unemployed
Friedrich Engels
The Condition of the Working Class in
England
Saddler Commission
Helped Children
Textiles Industries