Define laissez faire capitalism and discuss the beginnings of the Industrial

Define laissez faire capitalism and discuss the

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Define laissez-faire capitalism and discuss the beginnings of the Industrial Revolution.Laissez-Faire CapitalismWhen governments removed entirely from business regulationBeginnings of the Industrial RevolutionIn the 1700s, agricultural output increased for a host of reasons1. Potatoes, corn, and other high-yield crops were introduced to Europe from thecolonies in the New World2. Farmers began using more advanced farming methods and technology and increased their crop yields3. Through Enclosure—public lands were enclosed by fences, which allowed for private farming and private gainTechnological reasons improved the agriculture1. New machines for plowing, seeding, and reaping,2. Along with the development of chemical fertilizers, allowed farmers to greatly increase the amount of land they could farm—decreased the people neededUrbanization was a natural outgrowth of the increased efficiencies in farming and agricultureCities developed in areas where resources such as coal, iron, water, and railroadswere available for manufacturingSeries of technological advances changed the slow process of exporting cotton1. John Kay invented the flying shuttle (sped up the weaving process)2. John Hargreaves invented the spinning jenny (capable of spinning vast amounts of thread3. Waterpower added to the process and fabric weaving was taken out of homes and was centralized where waterpower was abundant4. 1791, Eli Whitney invented the cotton gin—allowed massive amounts of cotton to be quickly processed in the Americas and exported to EuropeIndustrialization hit the textile industry first, but other industries were hit as wellInvention of steam engine1. 1700s, Thomas Newcomer developed an inefficient engine2. 1769, James Watt dramatically improved it3. Steam engine was revolutionary because steam could not only be used to generate power for industry but also for transportation
1802, George Stephenson built the first steam-powered locomotiveBritain had vast amounts of coal, and because the steam engine was powered bycoalBritish industrialized very quicklyExplain social Darwinism and the “white man’s burden”Social Darwinisma) Believers applied Charles Darwin’s biological theory of natural selectionto sociologyb) They claimed that dominant races or classes or people rose to the top through a process of “survival of the fittest”c) Meant that because Britain was the most powerful, it was the most fit, and therefore the British were superior to other racesk) Many Europeans not only believed they were superior, but they had a moral obligation to dominate other people or teach other people how to be “civilized”The “white man’s burden” was a poem created by Rudyard Kiplinga) Kipling characterized the --effort of swallowing up the rest of the world to advance their economies, military strategic positioning, and egos as:1. A “Burden” in which it was the duty of Europeans to conquer each “half-devil and half child”

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