V4 Flashcards
JAMES WATT
STEAM ENGINE PERFECTED
ROBERT FULTON
STEAMBOAT
GEORGE STEVENSON
FIRST PASSENGER TRAIN
ELI WHITNEY
COTTON GIN
ENCLOSURE MOVEMENT
LAND SOLD AND FENCES PUT UP. NEW FARMING TECHNIQUES APPLIED
PUSH/PULL EFFECT
PEOPLE PUSHED OFF OF FARMS AND INTO THE CITIES
SUPPLY AND DEMAND PRICE EFFECTS
LARGE SUPPLY, PRICE GOES DOWN. SHORT SUPPLY, PRICE GOES UP
MIDDLE CLASS GROWS
ENTREPRENEURS-BUSINESS OWNERS WHO TAKE THE RISK AND MAKE THE PROFITS IF SUCCESSFUL
NEW INDUSTRIALISTS
LOOKED UPON WITH ADMIRATION
LIVING CONDITIONS IN THE CITIES
CROWDED, DIRTY, AND MUCH DISEASE
NEW BUILDING CODES
THESE ARE ENACTED TO FIX URBAN PROBLEMS
KARL MARX AND FREDERICK ENGELS WRITE COMMUNIST MANIFESTO
CLASSLESS ECONOMIC SYSTEM-A CLASSLESS SOCIETY
BOURGEOISE- BUSINESS OWNERS AND THE RICH PROLETARIAT- WORKING CLASS
CHARLES DICKENS
SUBJECT MATTER OF HIS WRITINGS:SOCIAL INJUSTICE AND THE COMMON PEOPLE.
LABOR UNIONS DEVELOP. WHY?
DANGEROUS WORKING CONDITIONS
LOW PAY LONG HOURS WEEKENDS NEEDED TO REST, TAKE CARE OF PERSONAL BUSINESS,
BUSINESS CAPITAL INVESTMENT IN:
NEW TECHNOLOGIES
FACTORY MACHINES
AGRICULTURAL REVOLUTION INCREASES FOOD PRODUCTION
ENCLOSURE MOVEMENT
CROP ROTATION
FERTILIZERS/PHOSPHATE
MORE FOOD=MORE PEOPLE (MOREWOREKERS AND MORE CONSUMERS)
GERM THEORY
LOUIS PASTEUR’S CONCEPT
CLEANLINESS PREVENTS INFECTIONS AND DEATH
POPULATION GROWTH OF CITIES, WHY?
JOBS
PUSH/PULL FACTOR IMMIGRATION FROM COLONIES
TRADE-EFFECTS
ECONOMIC GROWTH
MORE CAPITAL FOR INDUSTRIALISTS TO INVEST IN FACTORIES
ADVANCES OF THE INDUSTRIAL REVOLUTION
TRANSPORTATION
COMMUNICATION URBAN PLANNING CONSTRUCTION
ADAM SMITH
WEALTH OF NATIONS
LAISSEZ-FAIRE CAPITALISM (FREE MARKET CAPITALISM)
CRYSTAL PALACE
NEW CONSTRUCTION TECHNIQUES
SHOW OFF GREAT BRITAIN’S ADVANCES
DOLLAR DIPLOMACY
REWARD NATIONS WHO COMPLY WITH DEMANDS WITH FINANCIAL AID
GUNBOAT DIPLOMACY
THREATEN ANOTHER NATION WITH WAR IF IT DOES NOT COMPLY WITH DEMANDS
TEXTILE INDUSTRY (CLOTH)
FIRST TO DEVELOP
SOCIALISM (PURE)
FACTORS OF PRODUCTION ARE OWNED BY THE PUBLIC.
COMMUNISM IS ONE TYPE OF SOCIALISM- THERE ARE OTHERS
CAPITALISM
FACTORS OF PRODUCTION ARE OWNED BY PRIVATE INDUSTRY
ENTREPRENEUR
A PERSON WHO ORGANIZES, MANAGES, AND TAKES THE FINANCIAL RISK.