Ch. 23- Notecards - Lasting from around 1871 to 1914, the...

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Lasting from around 1871 to 1914, the Second Industrial Revolution gave rise to steel, chemicals, electricity, and petroleum. It saw the mass production of consumer goods as well, leading many Europeans to believe they were living in an age of progress when most human problems would be solved by scientific advancements.
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Cartels were a combination of independent commercial enterprises that worked together to control prices and limit competition. They were very popular in Germany where banks tried to eliminate competition in order to protect their investments. German cartels were formed in the fields of potash, coal, steel, and chemicals.
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German Social Democrats were members of the German Social Democratic Party led by August Bebel. Bebel, like most other German Social Democrats, believed in a pure or orthodox Marxism. This was a belief that accepted the imminent collapse of capitalism and the need for socialist ownership of the means of production. This position would be challenged by other German Social Democrats in the form of revisionism.
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Gottlieb Daimler, a German engineer and inventor, developed a light internal-combustion engine in 1886 which was the key to the development of the automobile. In 1890 he founded the Daimler Motor Company in Cannstatt, Germany.
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were forced to become pieceworkers in sweatshops. Pieceworkers were poorly paid and worked ling hours. The
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This note was uploaded on 10/27/2009 for the course HISTORY HIST1120 taught by Professor Collins during the Fall '05 term at University of Tennessee.

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Ch. 23- Notecards - Lasting from around 1871 to 1914, the...

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