After 1850

After 1850 - After1850 Economics 1....

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After 1850 Economics 1. Pattern of inustrialization a. Textiles b. Then iron c. Railways are crucial to provide the demand for coal and iron 2. Second Industrial Revolution a. Steel b. 1860s i. chemicals ii. pharmaceuticals iii. armament 3. Significant Rise in the Standard of Living from 1850-1896 4. Development of Factory Based 5. Great Depression (1873-1896) a. Depression in agriculture b. Tariffs c. Rents go down, prices down, profit gone d. Restructure agriculture to veg., fruits, dairy away from grain e. Industry hurt f. Unemployment becomes an idea 10/20 Germany 1. Single Market 2. Single Regulation 3. Not a whole reconstruction from agriculture to industry a. Had tariffs from 73 depression which keeps agriculture prices up 4. Small highly efficient farms a. In western Germany around the Elbe 5. Large Estates owned by nobles with old feudal structure a. Less efficient b. Grain growing c. In old Prussia d. Local manor jusice e. Exploitive labor f. More Germans move away from Old Prussia i. Poles fill their 6. % of agriculture in economy a. 1850-52%
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b. 1880- 49% of work force c. 1907-35% of work force with 25% of GNP i. 40% is industry with 50% GNP 7. New Industry a. forefront b. 1910 making 90% of chemical coloring c. creating double the steel of Britain i. exporting steel to Britain d. connecting science and technology with industry 8. still holds major traditional pattern a. textiles remain central b. 37% of industry was employed in textiles in 1875 c. Railroads i. 1852- 4000 K ii. 1870- 19000 K iii. 1910- 61000K d. 2/3 of people in industry were in workshops of five or less e. 1/3 by 1910 f. urbanization creates a huge construction industry g. ship building is largest industry done totallyby workshop and artisan h. not in any way approaching Britian in standard of living i. purchasing power is 30% up France 1. pattern of economic development was different 2. steady growth 3. no take off 4. Whats wrong with France? a. Nothing…just no take offs b. France doesn’t have a lot of coal c. Located factories in rural areas by water to use as a source of power d. 60% industry is coming from craftsmen e. Slow population growth i. Average rate after 1860 is .16% a year ii. Smaller pool of unskilled labor iii. Less domestic demand iv. Less foreign trade v. Less incentive to create industrial goods vi. Retains large artisan population vii. High end goods over low end goods viii. Shaped by the labor force and a different population grouth ix. France has a relatively good growth rate of GNP f. No major exodus to the US g. Will pull workers from other parts of Europe h.
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10/24 Russia 1. Debate between Slavophiles and Westernisers a. Both very patriotic b. Both believe of superiority of their culture c. Western influence will corrupt the traditions d. Cannot exclude the European without getting rid of something that is an integral part of Russia e. Germany presents a new threat to Russia i. United Germany is right on Russia’s border 2. Crimean War (1854-1856)
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This note was uploaded on 12/10/2008 for the course HISE 317 taught by Professor Bernstein during the Fall '08 term at Tulane.

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After 1850 - After1850 Economics 1....

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