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14 Cards in this Set

  • Front
  • Back
What was rebolutionalized in the industrial revolution?
-production of wealth
-techniques of manufacture
-exploitation of natural resources
-formation of capital
-distribution of products of consumers
What date is associated with the start of the industrial revolution?
1780
What were the reasons of the start of the industrial revolution?
-political charactersitics of England
-access to world markets
-rewards for risk taking and innovation
Why didn't monarchs like industrialization?
it became harder for them to maintain control over public power because of the enlarged business and wage-earning classes.
How are industrialization and capitalism related?
they are not the same, but industrialization must have capitalism
Describe captitalist and socialist (non-capitalist) societies.
capitalist = private control of capital

socialist = capital belongs to public and controlled by the state
What ideas in western europe led to industrialization?
- possession of property = personal independance and political liberty

-expectation to keep future profits --> risk captila in new and uncertain ventures --> entrepreneurial spirit --> capitalist industrialization
Capitalism help industrialization take off in western europe. What was the situation outside of that area?
little capital for trade or agriculture --> needed more planning and decision making to industrialize --> more socialist industrialization
What time period did the industrial revolution occur in Britain?
1780-1830
What was the industrial revolution in Britain?
change form hand tools to power machinery
What was needed in Britain for the industrial revolution?
social mobility
Why didn't an agricultural revolution happen on the continent?
people were more tied to soil
ag less productive
Who controlled England before the agricultural revolution?
squirearchy: well-to-do landowners
Why was the agricultural revolution so important?
without it there wouldn't have been an industrial revolution.