Industrial revolution Flashcards
(26 cards)
What is a Agrarian society?
A society that produces all of there own things for themselves and has little shops and business/industries
What is the Industrial revolution?
The rise of industries and business
The Industrial revolution lead up to……
- Availability of labor power (both numbers and ability)
- Institutions that support economic activity and provide incentives for it
- Accumulations of capital for financing enterprises and innovations
- Technological innovations
What is CAPITAL in terms of financing?
Money earned from a self owned business that goes back into the business
What this leads to is……
- a greater consumer society (more people buying)
- increased geographic mobility
- transformed employer-worker relations
- decline of domestic manufacturing (making things at home)
- erode traditional community and family solidarities
- european exploration around the globe
The industrial revolution caused more what?
globalization
Early Modern European Market Economy
- less government restrictions on labor and trade in commodities (capitalism)
- Agricultural Revolution
- Putting-out system
- New financial practices and institutes
Agricultural Revolution?
Farming
Putting-out system?
when a big business uses sub contractors(smaller business) to make products
Like a person calling carpenter to fix their house
What are some of the new financial practices and institutions?
- insurance
- banking institutions
- property rights
- bank of england
Who was the first nation to industrialize and why?
England becuase of textile(clothing)
Worldwide Economic Network
Mercantilism
What is Mercantilism?
Government regulated trading (import little and export a lot)
Transatlantic Slave Labor
- Middle Passage
- Triangle Trade
- Plantation Economy’s
What were some over seas products?
Sugar, tea, silks, tabaco, rum, coffee
Where did Agricultural goods come from?
America
What did foreign land provide?
Raw materials
What were commercial rivalries and their influences on diplomacy among European states?
- European sea powers vying from the Atlantic
- Portuguese, Dutch, French, British rivalry in Asia culminated in british domination in India and Dutch control of the Indies
Influences
How has the Scientific Revolution and Enlightenment changed Europeans way of thinking?
People were coming up with more ideas on how to fix things and make things easier.
Experiences of everyday life….
Agricultural Revolution
What was brought under control?
Diseases
Concerns for privacy?
- Homes were built to include private retreats
- Novels encouraged private emotions
What were some consumer goods?
Porcelain, cotton, linen, mirrors, prints
What were some leisure places?
Coffee houses, taverns, theaters, opera houses
