HISTORY 101 Lecture Notes - Small Business, Higer Bus, Population Growth
Document Summary
D- railways: the industrial revolution on the continent. B- an infrastructure of change: changing social structure. Main turning point that catapults us into modern world. From rural artisan production and agriculture economy to urban, large scale. Critic- nothing new, not a moment of change, gradual shift. Outcome of overseas exploration and small assembly lines to be expanded. New tech. didn"t immidiatly replace its lesser counterpart. Factory has better prices, leavers need to specialize to make what factories cannot. Had combination of natural, economic resources that were at right place at right time. Isolated, small, rich in coal, well developed canal/river system. Mid 1800 agriculture had been commercialized accomplished through new crops and holding property big company owns lane which farmers farmed, lessened farmers. Jobless farmers move to towns to find jobs = cheap labor. New position- import cheap materials & export finished good at higher price. Many had deals to only trade with england.
