HIS109Y1 Lecture : Capitalism
Document Summary
The role of capitalism and the role of industrialization within different groups of society. 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. 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: agricultural revolution spread around the world, influx of grain from americas, canada, etc. People"s lives were changed in other ways: pasteurization of dairy products. Manufacturing continued to expand: the sowing machine.
