HUMA 1770 Lecture Notes - Lecture 15: Status Quo, Bourgeoisie, Social Democracy
28 May 2014
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Document Summary
Key factors: economy, productive agriculture system, based on the invention of new technologies, allowed people to work the land more efficiently than in the past, better crops (cid:224) more food (cid:224) food becomes of secondary importance (people can dedicate their daily life to other things than food production; can enjoy life more; pursue other goals) + increased population, which increases the labour force and increases soldiers in the army, effective central banks, more healthy and wealthy if you have a stable currency, created policies to keep their currency stable, encouraged their citizens to prosper and profit, mass manufacture of cheap products, use of new machines, benefits: lower costs, urban factories, technological advancements, mass migration of peasants to cities that were built around factories, factories were built near water (i. e. river, steam engine, overseas trade and worldwide colonial empire (efficient navy)
