HI125 Lecture Notes - Lecture 4: Fixed Capital, Analog Science Fiction And Fact, Broken Britain
Document Summary
Manufacturing important also and done in several pre-industrial forms. Putting out system/cottage industry: production done in the homes of workers (usually rural) Flexibility in the system: master can increase or decrease their production. Decrease the number of workers: workers were working in their homes on their own time. Problems of control (quality, productivity: master had very little control over quality. People were already not working, no land to plough. Located near the source of raw materials for the product and energy. Master" owned fixed capital and raw materials workshop. Why the industrial revolution happened here in britain film. New ideas and technologies created new industries. Transformed britain and the world to which we live on today. Hard to satisfy all the increasing population"s needs. Age of reason people started believing less in god, and more in science. Lunar society" came up with astounding new ideas.
