lec7notes - Several different aspects are done under the...

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Several different aspects are done under the roof of a company Strategy and structure, The visible hand Same person was involved as exporter, importer, retailer All functions performed by individual entrepreneurs Started to get specialization for the first time Prior to this, functions performed by individuals who performed other tasks as well Primary driver was Industrial Rev in Europe--rise of factory system U.S had best farmland, resources, and growing market Cotton Increasing division of labor Division of labor, creating a wealth of nations Nature of production still remained very slow Factory example: Coal got to US around 1840s: provided more energy, conditions for production to speed up 1850s and 1860s: development of transportation and advancement in communication Took 6 weeks to get from NY to Chicago Advances made possible both mass production and mass distribution
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This note was uploaded on 01/23/2011 for the course SOCIOLOGY 315 taught by Professor Mizruchi during the Winter '09 term at University of Michigan.

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lec7notes - Several different aspects are done under the...

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