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Unformatted text preview: 218-244; 258Lecture OutlineI The Industrial Revolution: An OverviewStarts in mid 18thcentury in Britain and spreads to the US, Germany, and a little bit later in Belgium and France, even later in Northern Italy. It will even later trickle down to Russia and parts of Eastern Europe.It started with new methods of producing textiles such as yarn and clothing. It usually involves wool and later spreads to iron and steel. It usually involves producing iron in railroad lines. The coal is used to fire up blast furnace to steel. Then it spreads in chemical and oil.The impact was monumental. The Industrial Revolution has reduced life expectancy and had made work conditions horrendous. There was child labor, that worked themselves to death.II Preconditions for industrialization: Why did the British take the lead?Nation-stateMercantilismBanks/capital/investors= gold, exports, assets from small investorsJoint stock corporations- buy shares in the corporation which then invests it in...
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- Spring '11
- Industrial Revolution