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outline_industrial_rev_s108 - • Market-driven income •...

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MMW 5 Cassedy OUTLINE THE INDUSTRIAL REVOLUTION Preceding conditions (conditions that favor England) Natural conditions in England and northwestern Europe Early technological advances that enhance the production of food The rise of towns Overseas trade Centralized power in monarchy, but limited monarchy Separation between economic and political power Social mores: people honor their word Social mores: people are willing to defer gratification Free-market capitalism Private ownership of means of production
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Unformatted text preview: • Market-driven income • System that creates its own demand • Reinvestment of surplus The technologies of industrial capitalism • Steam engines • Innovations in the textile industry Andrew Ure, apologist for industrialism • A rational approach to manufacturing: the glories of machinery • Blunting the arguments of the detractors: children love working in factories Friedrich Engels, critic of industrialism • The dangers of machinery • The ravages on the family...
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