Industrial Revolution (1750-1850)

1
Industrial Revolution (1750-1850)

• Spurred by Englands Agricultural Revolution
• efficient farm methods
• Iron plows
• Seed Drill (Jethro Tull)
• Crop rotation
• less farmers needed
• enclosure system
• Landowners acquiring more land
• Farmers forced to cities
• Urbanization
• Helped Europe to Imperialize

2
Factors of Production

• Basics necessary for industrialization
• Land
• Capital
• Labor
• Mechanization
• cotton TEXTILE industry
• Shift from domestic system gt factory system
• Due to expense of water frame
• Effects
• huge increase in production
• cheaper to produce sell
• demand increased
• Englands cotton imports
• 1761 4 million tons
• 1815 100 million tons
• British Imperialism

3
The Factory System

• Women children were favored
• Less opportunities for women, except
• domestic services
• factory work
• teachers
• nurses
• social workers
• Rise o/t Middle Class
• Earning is not true womanhood

4
New Methods Business Organizations

• Rapid industrial growth
• CAPITALISM business individuals determine
  economic decisions
• aka ______________________
• laizzes-faire? _______________
• ____________________________
• Elements that made mass production possible
• division of labor
• interchangeable parts
• assembly line
• The Business Cycle alternating periods of
  prosperity and decline

5
Calls for Reform

• Factory Act of 1833 (499)
• Led to
• Decrease in work hours
• No children under 9
• Strikes
• Unions
• Collective bargaining
• Socialism abolish profit motive competition
• govt business share in economic decisions
• Led to Utopian Socialism

6
Karl Marx

• The history of all hitherto existing society is
  the history of class struggles.
• Bourgeoisie v. Proletariat
• COMMUNISM
• govt controls economy
• classless system
• religion outlawed
• no private property
• Communist Manifesto
• Create a Economic Spectrum