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12 Cards in this Set
- Front
- Back
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Industrial Revolution
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Use of steam engines. Britains output increased by 50%
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British Industrial Revolution
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Increased output and major RR devolopment. Increase in mining and decrease in agriculture.
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Social Classes during the British Revolution
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The aristocracy lost very little. The middle classes became wealthy, some businessmen and some clerks and secretaries. And the labor class suffered most and benefited the least.
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Rapid Urbanization and its effects.
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London became the largest city in the world. There was overcrowding sanitation problemsand epidemics. Long hours, low wages and child labor.
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Social Protest
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"Friendly Societies"-artisans helping each other, demanding higher prices. Some artisans wrecked machinery and some joined political movements. Trade Unions were legalized and socialist ideas spread.
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Karl Marx
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From Germany. Predicted that revolution would lead to the collapse of capitalism and result in a classless society. Socialism promised equality and a utopia and Marx predicted that we would reach a technological advancement where no one would have to work.
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Richest Americans: Bill Gates
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1999- $101 billion
2011-$56 billion |
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Richest Americans: John Jacob Astor
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Traded in furs, real estate, and opium. His wealth was 1% of the GDP
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Richest Americans: Andrew Carnegie
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Steel. First billion dollar company. Gave away most to charity.
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Richest Americans: Henry Ford
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Auto engineer and founder of Ford.
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Cornelius Vanderbilt
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Shipping and RRs. Was worth 1.5% of the GDP
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John D. Rockefeller
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Oil. First billionaire in America. Worth 2% of the GDP
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