Geography 3422A/B Study Guide - Cash Flow, Social Contract, Industrial Revolution
24 Sep 2012
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Rich english men would bring in poor people from africa to harvest all the sugar on the caribbean islands: sugar producers then were like oil producers now, controlled thousands of slaves by keeping them frightened. Wanted to make enough money to retire back home. Also introduced stocks and investment in companies both in england and overseas. John locke said that government"s only role was to protect people"s property: social contract between people and the government so that everyone could pursue in their own self-interest. 1700"s a lot of new ideas like import and export: there was no tax on profits in the 1700"s, decenters considered to be potentially dangerous revolutionary fanatics (religious people) Not allowed to gather in public or go to university. Were allowed to go into industry something the rich thought was below them . Middle of the 18th century: set up their own academies all over the country. Produced numerous everyday things made of cast iron.
