HIS 1123 Lecture 26: Chapter 26 - Industrialization and its Discontents
Document Summary
Japan and russia comes in at the end. Preconditions: overseas colonies, natural resources, thriving merchant class {active in. House of commons}, secure banking system to help with loans, growing population. High wages and technological skills drove inventions of labor saving machinery. British had the highest wages hourly almost in the world. Development of the steam engine provided the power for new inventions. Worked with fossil fuels to create kerosene and gasoline to run these machines. People moved from agriculture up towards urban area for jobs. Land scarcity among families is a major factor. Created by the growing dependence on machinery and the cost of transportation. Urban areas were more accessible to markets and transportation systems. Steam driven railroads and ships made transportation cheaper and easier and facilitated trade. Colonies were ready markets for industrial products, therefore, britain soon became a global economic power. Conditions after the napoleonic wars allowed european nations to begin industrialization.
