16. The Industrial Revolution Flashcards
What is important about the inventions that revolutionized the textile industry?
Marked a shift from human power to mechanical power
Eli Whitney
cotton gin
James Watt
Steam engine
the transportation system that ushered in the Industrial Revolution
Railroad
What system replaced putting-out system in the Industrial Revolution
Factory system
3 major social effects of Industrialization
- Misery for working-class
- Urbanization
- Prosperity for Middle-class (bourgeoisie)
what economic theory was well adopted in Britain?
Laissez-faire policies advocated by Adam Smith’s “Wealth of Nations”
Thomas Malthus is known for
population vs food theory that population grows geometrically while food expands arithmetically
David Ricardo’s views on wage
“iron law of wages”, price of labor is determined by the law of supply and demand.
Basically, no raise in wages
Who were the frustrated English workers that broke into factories called?
Luddites
what did the working-class protesters come to realize they needed to form?
labor unions
All socialisms’ basic belief
equal distribution of wealth.
3 different socialisms:
- Utopian socialism
- Marxian socialism
- Evolutionary socialism
Marx’s famous quote “the history of all hitherto existing societies is the history of class struggles” comes from his work:
“Communist Manifesto”
Marx's belief of class conflict is best understood through which process of what? explain the terms.
DIALECTICAL PROCESS of thesis, antithesis, and synthesis.
Thesis is the higher power(bourgeoisie), antithesis(working-class) hate the thesis, so the conflict produces a synthesis which leads to the dictatorship of the working class(or proletariat). In the end, “classless society” can be created.
