POL201Y1 Lecture : lecture #2

80 views5 pages
24 Nov 2010
School
Course
Professor

Document Summary

What were the conditions unique to britian that made the industrial revolution that made it happen there, or happen there first the way in which the government was implicated in creating the market. Up until the 19th century the production and distribution of goods was primarily decided by tradition and command. Development of a field of economics, economics production and distribution should have its own sphere big change. Culminates in the general closure act in 1801 land must become a commodity and has to be privatized, the government steps in and passes these laws. Main reason: hadn"t been relevant, wasn"t a great deal you could do with surplus, and weren"t a lot of ways to produce surplus increased productivity of the land. Because land became more productive, concentrated in the hands of a few inventions/innovations: seed drill threshing machine. People began to sell their labor for wages. Most people started to buy rather than produce the goods they consume.

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers

Related Documents

Related Questions