World Civ Unit 7 Notes.docx - New Economic Order...

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New Economic Order Industrious Revolution Western Europe, British America New economic effort that is driven by profit, not subsistence Bourgeoisie New middle class of people, wealthy but not noble upper class Standard of living rises People have more comforts and luxuries Luxury items start to become more common Increased consumption Trade becomes global, highly specialized, and cross cultural Industrial Revolution This begins in Britain because they had a strong agricultural base with high wages for workers Had smarter people, which helps with coming up with smarter ways of doing things Had existing commercial and colonial strength from all over the globe Access to markets Coal and iron ore Was limitless Steam power Already had strong transportation and infrastructure in place The Factory System Mass production was created Textiles Spinning Jenny: Manually powered loom that could spin raw cotton into usable thread Water Frame Cotton Gin Power looms Steam power revolution For the first time in human history, with these things you are able to access to, you can really strive Coal Textiles Iron Food Processing Trains Anywhere there are train tracks you can get whatever you want to any market anywhere MULTIPLE CHOICE Q: Rocket Train Global impact Europe, US, and Japan dominate the markets By producing cheap mass produced goods Access to luxury items go up and become more common Weaker nations export raw materials Protective tariffs
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To tax foreign goods Working and living Shift from rural life to urban life Urban life: Crowded, unhealthy, no water Exploitation
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