_ECON 4514 Presentation

_ECON 4514 Presentation - Industrial Revolution in England...

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Click to edit Master subtitle style 5/10/10 06:10:10 PM Alec Makris, Brendon Marek, Phillip McDonald, Katherine Mackintosh Industrial Revolution in England and France: Some Thoughts on the Question, “Why was England First?” By N.F.R Crafts
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5/10/10 06:10:10 PM Main Questions of the Article Article sets out to explain: l “Why was England First” l “Why did England experience the onset of the Industrial Revolution before France?”
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5/10/10 06:10:10 PM Three types of explanations: Single crucial reason l Hagan: “The differences in personality rather than differential circumstances. . British people were inwardly different from those of the continent” As a result of a previous period of economic growth l Hartwell: “Do we need an explanation of the I.R.? Could it be the culmination of a most unspectacular process, the
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5/10/10 06:10:10 PM Underlying View of Industrialization Economic development and technological progress in 18th century Europe should be regarded as stochastic processes. Four main stages of argument.
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5/10/10 06:10:10 PM Section II: Defining “Industrial Revolution” A period of accelerated structural change in the economy. l Rapid rise in: Industrial output Share of manufacturing in national product Factory-based activity (implying a different kind of economy) l Based on major technological innovations Focus on the transformation of the pre-
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5/10/10 06:10:10 PM Section II: Cotton Textiles Industry Landes gave the cotton textiles industry the leading role in precipitating the Industrial Rev. l Revolution required machines to replace hand labor and also compel the concentration of production in factories. l Also required a big industry to produce a product of wide and elastic demand. the mechanization of any one of its processes of manufacture would create serious strains on the others
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5/10/10 06:10:10 PM Section II: Two Decisive Inventions The Industrial Rev. had it’s start in the cotton industry due to two important events: l Hargreaves invention of the spinning Jenny l Arkwright’s invention of the water frame
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_ECON 4514 Presentation - Industrial Revolution in England...

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