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Lecture

September 26thpoliticalscience.docx

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Department
Political Science
Course
POL101Y1
Professor
Jeffrey Kopstein
Semester
Fall

Description
thSeptember 26 2011 POL101Lecture The Rise of the West and Marxism Origins of Modern World Economyththo Twin revolutions 1619 centuries agricultural and industrialo Agricultural revolution may be hyperbole to use the word revolution hereo Case of Flemish and British farmers Industrial Revolutiontho Originates in the late 18 century Englando More appropriately designated as a revolution o Example raw cotton processed in British factorieso 1760 25 million poundso 1837 366 million poundsa 16 fold increase in over 50 yearso Amount of iron processed into steel in English factorieso 10 fold increaseo Produced huge changes in domestic consumptiono Consequences Luxuries came to be seen and mere decencies and decencies came be seen as necessities Distribution highly uneven but not creation of middle class that had risen from manual labor to professional or entrepreneurial statuso Social results 1 Capacity to produce surplus
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