Lecture Block 1 Flashcards

(49 cards)

1
Q

What is the Malthusian Trap of the 1800’s

A

Countries poor due to expanding populations and surplus not increasing as fast.

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2
Q

In the 1900 this was the period of,

A

Economic growth for Britain and other countries such as the US.

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3
Q

An increase in Economic growth can cause a change in development indicators, name some:

A
  • malnutrition
  • starvation
  • disease
  • conflict
  • IMR
  • education
  • literacy rates
  • life expectancy
  • GDP
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4
Q

When was the Brits period of rapid growth

A

1780-1870 in which it peaked

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5
Q

What was Brits GDP growth in 1780 and 2015

A

1,1.4

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6
Q

What was Brits Life expectancy in 1780 and 2015

A

35,78

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7
Q

What were the 4 stages of the take off

A

1) increase in investment
2) cluster of tech innovations
3) development of new skills and health improvements
4) policies and institution

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8
Q

1)Increase in investment causes

A

increase in infrastructure eg canals and roads aiding transportation of goods

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9
Q

2) examples of tech innovation

A

Brits Cotton, wool and steels

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10
Q

3) development of new skills examples

A

Increase in human capital increasing productivity

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11
Q

Output increases if

A

1)2)3)4) increase

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12
Q

When was the industrial revolution

A

1760-1830

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13
Q

What was the GNP before and after the 18 century

A

1%,2%

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14
Q

What were the improvements in the industrial revolution in relation to the 4 pillars

A

1) investment rates rose to 8.5% in 1800
2) textiles and steam powered inventions as well as improvements in agriculture
3) Healthcare and standards of living increased

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15
Q

Victorian revolution occurred during

A

1830-1914

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16
Q

What were the improvements made to the 4 pillars during the Victorian era

A

1) Investments caused GNP to rise by 10% with railway age and steamship trade
2) tech innovation in steel and medicine
3) decline in mortality, improvements in SOL
4) free market policy

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17
Q

Modern period occurred during

A

1914-2000

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18
Q

What changes occurred to the 4 pillars during the modern period.

A

1) fall in growth before ww2 but rise in growth after
2) mass electrification, air transport in infrastructural improvements
3) Technical inventions such as TV shopping and medial improvements
4) Policies improvements

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19
Q

What were the policy improvements made during the modern period?

A

1) free trade of 1914

2) free markets after 1980 leading to rapid inflation

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20
Q

What is the convergence period

A

1980’s when other MEDC’s caught up to Britain and surpassed such as USA, Germany and Japan

21
Q

What are the 3 driving forces behind investment and savings in the 1700-1800’s

A
  • beliefs and religions
  • better industrial organisation
  • better financial support
  • higher levels of reinvestment
22
Q

Belief and Religion driving savings was due to

A

Christian Quakers not allowed into Ox bridge but are huge business players such as Cadbury

23
Q

Better financial support driving savings was due

A

Lowering internet of the Banks during 18th Century

24
Q

Re investments supporting savings included

A

Sam Walkers Sheffield cottage in 1741, perused his business over school worth £100 million in today’s money.

25
Industrial Organisation supported saving and investment by
Only Workshops in early 1700's and little to no exploitation of workers
26
Name 4 technical changes during the industrial revolution
1) agricultural revolution 2) foreign trade 3) Textile and steam improvements 4) Steel improvements
27
Describe processes during the agricultural revolution
1) Three tiered structure, Landlords, Farmers, Labour 2) Crop rotation and drainage strats 3) Poor forced of land and had to migrate.
28
Describe the process of foreign trade in the revolution
1) rapid growth in technical innovation and expansion of specialised factories such as cotton factorises.
29
Describe the process of textiles and steam power
Textiles Machinery e.g Spinning Jinny in 1700's | Steam Power e.g Steam Engine 1780's
30
Describe the process of the Steel industry in the industrial revolution
- Steel stronger than iron - Made from Iron and carbon - Steel made by CEMENTATION and heated up to 2000C to remove impurities.
31
What was the Infrastructural revolution
Increased levels of transportation access for the vast distribution of the goods and services markets. e.g Mersey and Thames in 1789. Introduction to railways e.g. Liverpool- Manchester reduced travel time instead of using traditional horses
32
Describe the improvements to Education and Health during the industrial revolution
1) 'Night schools', people were educated through apprenticeship 2) E.g Sheffield cottage industry 3) They grew more food than Leeds and Manchester counterparts.
33
What was the change over the industrial revolutions population over 1760-1830
It doubled
34
No great improvements in SOL during the industrial revolution. Examples of living standards include
- Low wage - workforce exploitation - low productivity - high fertility
35
What period was known as the catch up period
Victorian revolution
36
Give an overview of the Victorian era in terms of Britain performance.
- period when other nations took over - period when LEDCs rapidly grew compare to UK - Peak growth in 1870 - USA and Germany took over
37
Give three examples of old industries in the Victorian era
1) Cotton textiles- US comp 2) woollen textiles -sheff eg 3) coal
38
Give three examples of new industries in the Victorian era
1) steel in the late 1800s 2) engineering 3) Glass and chemicals
39
What is Sheffield well known for during the Victorian era
STEEL
40
Where did the production of steel begin
Workshop production in watermills making hand tools
41
What were the two key inventions causing the Sheff steel to thrive and when were they invented?
1) Crucible Steel- 1810 which was melted to increase strength 2) Bessemer Converter- Introduced in 1850, blow air onto iron and helped build railways
42
Through what process did European countries attempt to compete with USA
Specialisation
43
What percent was USA steel production more efficient
15%
44
What was Sheffield input to global steel production in 1870
12%
45
Why was the US outperforming the UK in steel production
The US was more capital intensive with cheap cap and expensive labour
46
How did the empire aid Growth
1) Investment too low at home 2) growth on exports low 3) limitations of globalisation
47
Why was the UK behind in terms of industrial organisation. Compare: 1) Cotton 2) Steel 3) Coal
1) Cotton Industry used Ring Spindles in the UK which were more efficient 2) UK steel used expensive ores in the NE 3) Slow levels of mechanisation in the coal industry
48
How did the level of Skills and education progress during the 1800s
The Introduction of more universities such as Sheffield and Liverpool. Sheff in 1889 had ties with the Steel Masters
49
How did Technology improve during the Victorian period
Railway networking and steamships of 1830 as well as increased levels of telecommunication