GLOBAL 10H - INDUSTRIAL REVOLUTION Flashcards
How did the industrial revolution undergo the trasformation into success
At the start of the 18th century great Britain first experiences an agriculture revolution.
They establish a surplus of food to feed industrial workforce
why does Britian become overcrowded
urbanization
factory systems developed having 100s of workers
what happens to the bourgeoisie going into the industrial revolution
the middle class expands substantially/business, industry grow at high rates
adam smith
*laissez-faire
*the invisible hand
communism
*government ownership of business and industry
*planned economy
*total redistribution of wealth
Socialism
*government regulations of business and industry
*Government services + social industry (police,fire,education)
capitalism
*free market/free trade
* private ownership of business and industry
*No government involvement/interference
urbanization
as factory systems develop srping up overnight/numerous problems emerge
where were goods produced before industrialzation
goods were produced and sold in homes
First laisses-fair (growth of capitalism) leads to
*overcrowding
*disease
*poor sanitiation
*labor abuses
then laisesez-fair leds to
*building codes
*higher standards of living
*prices come down/goods available to more people
adam smith
the invisible hand
marx
the nature of all institutions (government, religion and idea political social and economic is always determined by the exploiting class
WRONG
the building blocks of the industrial revolution
iron