factory and cottage industry Flashcards
what was cottage industry
products were made in peoples homes by hand
advantages of cottage industry
stay w fam, work in their own communities
disadvangates of cottage
poorly paid, supply and demand
factory industry
where ppl were employed in factories and products were mass produced
advantages of factory
new cities, made britain wealthy
disadvantages
people had to travel to the big cities to wave, noone cared bout workers
how did law of supply and demand affect cottagers?
lowered prices bc many ppl willing to work
how did new inventions kill cottage industry
too big machines to be in a cottage, needed more power and space
what strategy did arkwright use to benefit from factory system?
he controlled everything including labour
what were working conditions like for factory workers
loud, dangerous, dirty