Industrial Revolution Flashcards
Start of Industrial Revolution
started in Britain bc:
they were wealthy from colonies, exploration, and slave trade
abundant in coal and iron
stable government, during this time everyone else was being ruled by Napolean
Flying Shuttle
invented by John Kay sped up the weaving process
Spinning Jenny
invented by John Hargreaves
capable of spinning vast amount of thread
Cotton Gin
invented by Eli Whitney
allowed massive amounts of cotton to be quickly processed in the Americas and exported to Europe, textile mills were taken out of homes and into mills
Steam Engine
Steam engine was used to generate power for industries and for transportation
Assembly Line
Henry Ford
allowed products to be produced faster
the Factory System
efficient because and inexpensive because the workers were underpaid
Children and women worked long hours at the factories
replaces the putting out system
declined in job opportunities
new social classes because of Industrialization
the aristocracy became rich from industrial success, a middle class formed made up of managers, accountants, ministers, lawyers, doctors, the bottom was the working class The rise of industrial class originated in the concept of private ownership
The Wealth of Nation
written by Adam Smith
he said that economic prosperity is best achieved through private ownership
Free market system/capitalism
deals with production being mostly privately owned and operated to gain profit while the production, distribution, and the price of the goods are determined by the free market.
Laissez-faire capitalism
when governments remove themselves entirely from regulation
Karl Marx
believed that the factory system had good opportunities but were being exploited because of capitalism
Communist Manifesto
Manifesto Marx and Friedrich Engels wrote that the working class would revolt and take control of means of production
Marxism
served as the foundation of socialism and communism
Factory Act of 1833
Once abuses and social consequences were clear, the British Parliament passed these laws
This limited the hours of the workday, restricted children from working in factories, and required factory owners to make working conditions safer and cleaner