MMW 14 Chapter HWS PGS 690-709: The Industrial Revolution in Europe
Document Summary
Mmw 14 textbook notes the industrial revolution in europe (pgs 690-709 hws) Why britain: abundant coal, high wages, peaceful and centralized government, well-developed financial systems, innovative culture, highly skilled craftsmen, strong position in empire and global trade. Scientific revolution and enlightenment created new world view that embraced progress, research, experimentation. Surplus of woolen cloth led to high profits and high wages: expanding atlantic economy and trade, mercantilist empire provided raw materials, 2nd most agriculturally productive. Strong demand for british manufacturing meant high wages: more crops with less labor/workers. Landless poor as a pool of potential laborers for factories. Industry and population: 9 million 1780 to 21 million 1851, malthus: population grows faster than the food supply, not true. Iron law of wages: because of the pressure of population growth, wages would always be below the level of subsistence, just high enough to keep workers from starving: not true.