NATS 1775 Lecture Notes - Lecture 5: Wage Labour, Friedrich Engels, Aristocracy
25 Aug 2016
School
Department
Course
Professor
Document Summary
Unit five: characteristics of first industrial revolution. Four key points: examining new energy sources, rise of factory sources, new methods of financing, and new political ideologies. England undergoing large population growth: 5. 5 million at end of 17th century; by end of. Remember england is an island so there is a limited geographical area: higher density population while having no more room to feed, house, or provide work for these people. This leads to scarcity of resources like land and food grown on land (specifically wood as it was an energy source) Development of new technologies and methods of production created to help sustain growing population. Less handcrafted goods which were used up until this time. Rapid technological change with creation of textile (cotton) mills, mass-produced iron, coal, steam engine, railroads. Example: rise in iron (and steel) production: 700,000 tons in 1830 to 4 million tons by 1860. This sustained economic growth happened because of new technologies.
