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SOC 207 chpt1

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Lina Samuel

SOC 207 READING NOTES WORK, INDUSTRY DAY 1 P1-42 Industrialization: aspect of accumulation and processing of resources  an industrial society has sources of energy like coal/electricity fueling a production system that uses techn to process RAW materials Capitalism: economic and social organization of production  capitalist system a small number of ppl own/control means of creating goods/services while the majority with no ownership stake in the economy and are paid wage to work for owners Origins of Industrial Capitalism -emergence of capitalism consisted of 2 basic periods 1) mercantile 2) commercial capitalism Mercantile international trade of foods linking Americas, Europe and Africa  pillage and trade allowed the growth of industrial capitalism - early signs of capitalist commercial activity emerged from feudal society; the industrial rev did not begin Feudal society - people farmed land they didn’t own giving money to landowners in the form of agriculture - it was a premarket economy (the producer is the consumer) - it was a precapitalist economy (labour was rare and the business class is not dominant) - feudal lords except rent and expected service of manual labour in exchange for protection * feudalism is based on mutal rights and obligations reinforced by tradition - decay of feudalism led to capitalism? Not sure Early Industrial capitalism (artisians) - putting out system which merchants gave work to peasant houses with workshops making goods - more trade and transportation with new inventions like the railway and militaries improved weapons , steam engine - * inventions created a new form of work : INDUSTRIAL MILL: many machines are harnessed to one energy source under the roof of managers.. but bad working conditions - artisians resisted this trend because before they controlled their own labour - Luddites ( unemployed craftsmen) were skilled workers but techn was making their skills obsolete - emergence of industrial capitalism also changed gender based division of labour  the putting out system, especially the textile industries made men and women work. Women could balance home/work  texile included men, women, kids  manufacturing had men * gender division was more pronounced with the rise of industrial capitalism Great transformation - factories in capitalist society with more machines - manufacturing and service INCREASE agriculture DECREASED th - 19 century industrial capitalism was the dominant system of production - ****great transformations are growth of capital, commodity and labour markets; the foundation of capitalism changed society… growth of cities, government, economy -market system for fianance- employees paid set amount of wage for work, conditions of work is set - artisians lost out to factory system - change that created th
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