U.S History - Industrial Revolution Transition to a Modern...

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Industrial Revolution
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Transition to a Modern Economy: What must occur? Agriculture: must produce more food with fewer workers, enough to feed cities; this begins in early 18 th century as new farming methods and land tenure increase production. Power: sources of power independent of nature (wind, water) enhance production and diversify locations; steam engine of 1760s provides that breakthrough.
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Transition Technological innovation: Scientific revolution provides context for experimentation and innovation. Financial institutions: provide easy transfer of money and sources of credit; banks, including national banks. Attitudes: people have to value making money: think about France, where nobles, no matter how hard up for cash, could NOT become businessmen; English nobles did not hesitate to engage in business.
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Labor Force for industry: demographic revolution, which sparks a rapid population growth in Europe, coupled with the transition in agriculture, provides a labor force. Government: has to support business
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This note was uploaded on 05/25/2011 for the course HST 102 taught by Professor Chapman during the Spring '08 term at Grand Valley State.

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U.S History - Industrial Revolution Transition to a Modern...

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