Chap 21 Flashcards
What factors allowed the industrial revolution to begin in great Britain(5)?
•exploration • sea power • political stability • gov. Support • growth of private investment
What are the factors of production ? Give an example of each-
Land-coal-iron
Labor-working
Capital-funds
How did industrialization in Britain compare to the process in America & Europe ?
It was delayed because Britain outlawed the export of certain machines & forbade skilled craftsmen from leaving the country. Germany had no central government
What were the effects of the factory system? (5)
- workers felt with managers
- goods are provided in factories
- work required few easy learned skills
- children were employed
- more people joined the middle class
How was the mercantile system different from laissez-fair economics?
- restricted trade to protect there industries
* laissez-fair made it so the government did not interfere
Those who advocated social democracy wanted to move from capitalism to socialism by what?
Democratic means
How did industrialization affect the home life?
Men at work/ women at home
How did industrialization affect the middle class
People had more time on there hands