HISTORY 21B Lecture Notes - Lecture 19: Flying Shuttle, Invisible Hand, Industrial Revolution
Document Summary
Shift from mercantilism to free trade capitalism. The emergence of the middle class or bourgeoisie. Adam smith - free trade benefits both parties. Totality of enlightened self-interest will create best system. System will thus regulate itself - invisible hand . European powers also used military force to compel trade. 1840 defeat of muhammad ali to prop up ottoman empire. A combination of all these factors made britain the location of the first breakout to industrialization. Britain was not the first country to have factories. But new practices of space and time changed what a factory was. No more saint monday - working hours. More people coming to the cities, mining and industrial areas. Women and children working in factories and mines. Wealthy middle class emerging - but moving to london. Wealthy leisured south and poor industrial north. Inventor of flying shuttle opposition from weavers. Was it just part of a larger process of globalization.
