Sociology 2275A/B Lecture Notes - Lecture 1: Edmund Cartwright, Spinning Jenny, Cotton Gin
16 Jan 2017
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Corporations make things, sell for profit: wages: money you get paid for you work over time. Theory of surplus value: pay people less than what they"re worth. Ads help raise awareness over prices and new products. Myth of the rational consumer: people choosing the product that best suits their need. Mass production: began with necessities (food, etc. , moved to quasi-luxuries. Wages increase, demand for more products: by early 20th century working class can now afford consumer goods, reward for their long labour. Everybody worked women moved to the factories. Creation of a world market where goods may be traded around the globe. Need to keep demand up, keep factories open, low levels of unemployment, lots of consumers: create competition. Enclosing your land, rotate crops, keep cattle alive, money from colonial landlords (sugar, slaves) The industrial revolution reshapes towns and countries 1760 1850. Shift from small scale mass production. Making more money, spend on things like pottery, clothing, furniture.
