HST 211 Study Guide - Final Guide: Industrial Revolution, Cholera
Document Summary
This is the time when tourism actually become a thing. Therefore the middle class trying to be the high class, known as tapping one"s betters . Also shopping increase, which is what keeps business in business. If people stop buying then everything will fall apart. So this whole new economy is created around the fact of the middle class specifically spending their money and buying (shopping) Impact of industrial revolution on individuals depended largely on economic class they were in. Aristocrats were often able to parlay their fortunes in land into capitalist/industrial fortune. They were joined by top 1% by large factory owners, bankers, and big-time merchants. Top 1% increase shares gnp from 25% in 1800 to 35% in 1850 (rich are getting richer) Working class had to work long 12 hour, even 14 hours per day even 6 days a week. Also no rules of safety regulations, no unions. Many people working but still under poverty line.
