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Unformatted text preview: Andrew Carnegie- Steel empire Industrial Revolution-Centuries of Euro-manufacturing (Jabberwocky)-James Watts steam engine (catalyst) -Technical Revolutions: 1790s in Britain; 1830s in U.S.-Social Revolutions: 1848 revolutions in Europe; Civil War in U.S. Steam powered/ child labor-Children and women would have to do tough jobs all in the name of competition. You want to push your cost down at all costs. Marxs law of capitalist accumulation-Firms maximize profits/ competition (or it will be brought out)-Macro System: expand or die-World trade/ World war-Credit (Marx & Keynes) Definitions-Capitalism- An economic and Social system where production and exchange are embedded within class domination and exploitation...
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This note was uploaded on 04/04/2009 for the course D SOC 101 taught by Professor Hirschl,t. during the Fall '06 term at Cornell University (Engineering School).
- Fall '06