MGMT 1030 Study Guide - Final Guide: Watt Steam Engine, Cotton Gin, Taiping Rebellion

• School: York University
• Department: Management
• Course: MGMT 1030
• Professor: Andrew Thomson

Document Summary

1300 1820: china operated under a stable government which was divided by military uprising and religious disputes, and developed themselves by heavy investments in irrigation projects. 1601: first voyage by east indian company. Manorial system (lending money was not an accepted activity by the church) Moved towards market society, market mechanism started to work, cash was used. 1639: policy of sakoku took place in closed country. 1760 1840: first industrial revolution (led by britain) increase in agricultural productivity, new transportation such as canals, growth of factory system and urbanization. There was also an increase in new products such as steam engines and factory produced items (cotton textile and iron ware). Why britain was first: political stability (after civil war) and territorial integrity, enclosure movement, population growth, growth of domestic industry and finally early technological change (steam engine of 1712). Results: increased production levels (cotton cloth), early social welfare reform (trying to reduce child labour. )