HIS109Y1 Lecture Notes - Propeller, Industrial Revolution, Mass Production
Document Summary
Capitalism & the middle class and the poor. Industrialization shaped the world as we know it. Industrialization is capital intensive (factories are expensive: great number of failures, you didn"t know if the railroad being built would be successful. Industrial system had to be introduced to agriculture: agriculture increased, creation of artificial fertilizers, nitrates and phosphates, once these things were introduced, agriculture production increased in. 1869 suez: great technological feats of the 19th century (between india and. Idea of having a europe that was a single source of raw material (single market) meant that the idea of a european economy was developing as well. It caused a good deal of fear and apprehension that one nation would have an advantage over another. Irresponsible and dangerous to society: the poor had to be moral cripples that lacked discipline and character. If you improved their condition, you would lead to even greater moral failure.
