The Industrial Revolution Flashcards
Important Sources
- Ashton (1955): industrial revolution definition
- Allen (2009): demand-side of why 1st industrial revolution was in Britain
- Mokyr (2002): supply-side of why 1st industrial revolution was in Britain
- Allen (2011): why first industrial revolution was British
- Mokyr (1998): second industrial revolution
What is the term ‘Industrial revoution’?
A wave of gadgets [that] swept over England (Ashton, 1955)
What are the economic changes brought by BOTH Industrial revolutions?
(1) mechanisation of production that enables LARGER QUANTITIES OF GOODS (mass production),
(2) New sources of POWER emerged (steam engines, electricity and internal combustion engine) and replaced human/animal power
(3) emergence of new and faster forms of TRANSPORTATION: steam ships and steam trains then underground trains, bicycles and cars,
(4) revolutionary changes to the SYSTEMS OF PRODUCTION as it allowed the scale of production to grow,
(5) ALTERED LABOUR STRUCTURE and living conditions as it led to the growth of cities and a shift from employment in agriculture to the manufacturing sector
What are the social changes brought by BOTH the industrial revolutions?
- Growth of cities (farmers moved to towns in search of jobs) causing overcrowding, population density increasing, consumerism (buying things you don’t need), crime rates (thievery) and low standards of living
- Alienation from your true self as work was just repetitive tasks that lacked purpose and left no space to develop yourself or ideas
What are the factors that made the first industrial revolution occured in Britain?
Allen (2011):
Correlations:
1. Geographically accessible cheap coal and cheap energy (inputs of production) lowered capital costs allowing British firms to pay high wages and still make a profit -> Factor price frontier from neoclassical economics where wage levels can be maintained so long as other inputs cost lower
2. 1825: High wages in UK @ 18 grams of silver per day relative to other countries like Netherlands (9 grams of silver per day), Italy and Beijing (3 grams of silver per day) translated to high standards of living (purchasing power) and raised Britain’s labour productivity.
3. Incentivised firms to invent technology that made production more efficient and less reliant on labour
Demand-side explanation on why did the Industrial revolution first occured in England?
Allen (2009):
1. Labour demanded for high wages
2. Reduced firm’s profits, raising demand for labour-reducing technologies to substitute labour with capital
3. With access to cheap coal and energy, firms adopted labour-saving machinery, making greater profit after reducing dependency on labour
Supply-side explanation on why did the Industrial revolution first occur in England?
Mokyr (2002):
1. The Enlightenment period (17th-18th century): pursuit of reasoning and science as opposed to superstition and religion (invention example: Jenner (1796) first vaccine for smallpox using cowpox)
2. A supply of highly-skilled craftsmen in Britain were able to adapt, improve and tweak new technologies to provide micro-inventions that made macro-inventions productive (e.g. high pressure steam engine, production techniques of cotton used to other fabrics, knowledge in chemistry and physics applied in manufacturing and agriculture after 1840)
3. Institutions support for emerging technologies -> patents
When did the First Industrial Revolution occur?
1760-1830
What were the main industries of the First Industrial Revolution?
- Textile industry (key sector)
- Iron and steel industry
- Mining
- Machine making
- Transportation
Elaborate on the textile industry during the First Industrial Revolution
- Spinning (yarn-making process):
Old spinning technology: 50,000 hours to spin 100 pounds of cotton
1790s new spinning technology: 300 hours to spin 100 pounds of cotton
= 99.4% hours saved thanks to mechanisation - Weaving (process of converting yarn to cloth):
1760s: 18 labour hours to convert 1 pound of cotton to cloth
1860s: 1.5 labour hours to convert 1 pound of cotton to cloth
= 91.67% less labour hours needed
Key Inventions:
1. Spinning Jenny (one worker can spin the wheel yet spin more cloth because of the 8 spindles) -> improved labour productivity
2. Arkwright’s water frame (spinning machine that can operate 96 threads at a time running on water power) -> produced stronger and harder yarn than the spinning jenny, made spinning by hand obsolete
3. Spinning mule (spun cotton in 1,320 spindles to become yarn and could spin them into different types and qualities)
Economic implications of the First Industrial Revolution on the Textile Industry
English cotton textile industry previously relied on human labour and non-mechanised technologies for yarn production
Adoption of mechanised technologies
-> possible to spin significantly more yarn in a shorter period of time
-> long-run made cotton textiles cheaper and more affordable
-> enabled Britain to flood international markets with British-made cotton textiles
Elaborate on the iron and steel industry in the First Industrial Revolution
Iron ore was found in the same location as coal -> accessible by Britain
Steel: essential input for (1) machine-making and (2) building of railways
Bessemer refining process (1856): oxidises impurities of molten pig iron
-> decreased steelmaking costs
-> enabled mass production of steel needed for durable machinery and to construct railroads for steam trains
Elaborate on the mining industry in the First Industrial Revolution
Regions in Europe that had access to coal (and iron ore) tended to industrialise first, such as north England, north-eastern France, Belgium, and Rhineland of West Germany
Britain: first to switch from charcoal to coal in ironmaking bc (1) access to easy and thus cheap coal through coal mining and (2) coal and iron ore were found in the same locations
Elaborate on the transportation industry in the First Industrial Revolution
Watt’s steam engine
Initially to pump water out of coal mines
Then to machine making
Eventually adopted steam engines to create steam trains and steam ships
Access to coal mattered bc: transportation’s steam engine needed coal for fuel
What were the main changes in the First Industrial Revolution?
- Structural shift from small villages to growing industrial towns
- Growth of industrial sector, declining share of agricultural employment, with factories recognised as the new production unit (formerly households)
- Increased use of raw materials for production (e.g. coal)
- Inanimate power to replace human and animal power
- Innovation in processes of production and products themselves (through quality)
- Changes in transportation (steam trains and steam ships) and communication (telegraph in 1837)