Industrial Revolution Flashcards
Industrial Revolution
Greatly increases the output of machine made goods that began in England in the 18th century
Agricultural Revolution
Cause of IR: larger farms, more production, fewer laborers needed, population growth.
Jethro Tull
invented the seed drill
Crop Rotation
Improvements on the medieval three field method: Provided much better crop yields
Livestock Breeding
Selective breeding helped create better breeds and improved food production.
Population Shifts
Because of the agriculture revolution, large number of former moved to the cities to find work.
Why did it start in Britain?
- Large population for workers
- Extensive natural resources
- Expanding and stable economy
- Political Stability
Factors of production
Resources needed to produce good and services
James Hargreaves
Inventor of the spinning wheel
Samuel Cromton
Combined the spinning Jenny with water power to make the spinning mule
Eli Whitney
Invented the cotton gin
James Watt
Made vast improvements to the steam engine
Robert Fulton
Build a steamboat. Ferried passengers UP and down the New York’s Hudson river
Urbanization
Growth In population
Living Conditions
Lack of adequate housing, education, police, and infrastructure
Working conditions
Long dangerous days. No government aid in case of injury
Class tension
Growth in the Middle class. Not everyone got the benefits of the Revolution
Positive effects
Creation of more jobs, wealth of nations, general raised. Standard of living and hope that lives could improve
Corporation
Business owned by its stockholders who share in profits, but are not responsible for its debts.
Global inequities
Widened the gap between industrialized parts of the world and no-industrialized parts of the world.
Society Transformed
Everything from the daily life to life expectancy were affected by industrialization development.
Adam Smith
Wrote the Wealth of Nations in 1776 defending the ideas if free markets or a free economy.
Laissez Faire
policy that government should leave bushines’s alone.