Capitalism

38 views4 pages
16 Feb 2011
School
Department
Course
Capitalism, the middle class and the poor
Samuel Smiles, Self Help 1859
Pope Pius IX, Syllabus of errors, 1864
-The role of capitalism and the role of industrialization within different groups of society
-Industrialization shapes and changes Europe
-Industrialization created new classes and large amounts of wealth
-New cities, new means of transportation as a consequence new ideas
-Europe -ism’s ideological boxes for everything
-The vast majority realized that they were better off with industry
-Industrialization at a large human cost society was not ready for change (health care, cities, etc.)
-Industries capital intensive factories had to be built, raw materials, energy, moving of finished
product continuous reinvestment, also labor intensive
-Industrial failures were common
-During the early revolution capital was the single most needed thing
-Last quarter of 19th century very rapid progress
-Agriculture also benefited, particularly from the chemical innovations
oAgricultural revolution spread around the world
oInflux of grain from Americas, Canada, etc.
-People’s lives were changed in other ways
oPasteurization of dairy products
-Manufacturing continued to expand
oThe sowing machine
Prices of sewed cloth fell
Fashion began in the 1850 for the masses
oNew mining procedures
Deeper
Better ventilation
French coal production doubled, German – tripled
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