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LEC+02+tech+and+econ+growth+in+ind+rev+S12

LEC+02+tech+and+econ+growth+in+ind+rev+S12 - The Industrial...

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1 The Industrial Revolution: Technological Innovation and Economic Growth -- A Self Propelling Process? UGBA-AS 172 Turn in Reaction Papers by placing in alphabetized folders on table
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2 ADMINISTRATIVE l ENROLLMENTS/ATTENDANCE l Reaction papers WE WILL COMMENT ON RPS 1-3  feedback l Course HANDOUTS – upfront and on B-space Term paper handout on Wed.
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3 HONOR CODE l Reaction Papers Do the reading yourself Write your own answers!! l Students who turn in problematical RPs that do not appear to be their own will automatically lose 5 points on their reaction paper count no exceptions
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Administrative l My office hours: M, W 12:30-1:00, T 1:30-2:30 And by appointment – confirm by email l Posting lecture slides Night before? l Other issues??? 4
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5 PERIODIZATION OF THIS COURSE l 1800s - 1860s: Industrial Revolution l 1860s - 1890s : Rise of Big Business l 1890s - 1930s : Emergence of Managerial Capitalism & Mass Consumption l 1940s - 1960s : Golden Age of Managerial Capitalism l 1970s - Today : Global Capitalism
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Today’s class l Industrial Revolution overview l Trajectories of historical debate l Role of technological innovation in it Econ drivers vs cultural constraints Why historians debate 6
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7 THE INDUSTRIAL REVOLUTION PERIOD OF RAPID TRANSITION
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8 WHAT IT WAS The Course of Growth by Value Added by Mfg, 1790-1860
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9 Value Added by Selected Industries
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10 Sector Shares, 1839-59
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11 Leading Industries 1860 By value added
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12 WHY DID THIS GROWTH TAKE PLACE? l This is where it gets interesting COMPETING EXPLANATIONS AND INTERPRETATIONS Arguments, debates
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13 WHY DID IR TAKE PLACE? l COMPETING EXPLANATORY APPROACHES Chronological Biographical Economic Cultural
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14 BIOGRAPHICAL l FOCUS ON THE INDIVIDUAL Personality GENIUS, AMBITION Achievements, travails l “GREAT MAN” APPROACH Today? Who are the great business creators of our time?
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15 Some of the “great men” of the Ind.
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