the industrial revolution mr. bach accelerated world history
TRANSCRIPT
The Industrial The Industrial RevolutionRevolution
Mr. BachMr. Bach
Accelerated World HistoryAccelerated World History
Why Now?Why Now?
Scientific Revolution – new Scientific Revolution – new inventions and methods applied inventions and methods applied to manufacturing.to manufacturing.
Bourgeoisie – emergence of a Bourgeoisie – emergence of a middle-class who are looking for middle-class who are looking for new ways to increase their new ways to increase their wealth.wealth.
Why Now?Why Now?
More Democratic More Democratic Governments – government Governments – government has less control over the has less control over the economy.economy.
Colonization – more resources Colonization – more resources available as raw materials.available as raw materials.
Agricultural RevolutionAgricultural Revolution
Science applied to farming methods.Science applied to farming methods.Crop Rotation – allowed nutrients to Crop Rotation – allowed nutrients to
be replenished in the soilbe replenished in the soilEnclosures – wealthy landowners Enclosures – wealthy landowners
take over instead of smaller farmers.take over instead of smaller farmers.Freed up more farmers to work in Freed up more farmers to work in
factories (labor force).factories (labor force).
Why England?Why England?
Available resources (home and Available resources (home and colonies)colonies)
Wealthy bourgeoisie (available Wealthy bourgeoisie (available capital)capital)
Increasingly democratic government Increasingly democratic government Guarantees property rightsGuarantees property rights
No domestic warfare.No domestic warfare.
New InventionsNew Inventions
Increased ProductivityIncreased ProductivityTextile IndustryTextile Industry
Spinning JennySpinning JennyFlying ShuttleFlying Shuttle
New InventionsNew Inventions
New Power SourceNew Power SourceSteam Engine (James Steam Engine (James Watt)Watt)
New InventionsNew Inventions
Better TransportationBetter TransportationSteamboat (Robert Fulton)Steamboat (Robert Fulton)Railroads (George Stephenson)Railroads (George Stephenson)
Easier to move raw materials and Easier to move raw materials and finished products in and out of factories.finished products in and out of factories.
Transportation boom leads to labor Transportation boom leads to labor gains for many connected businesses.gains for many connected businesses.
New Business ModelNew Business Model
CorporationCorporationA business owned by many A business owned by many
stockholders that share in its profits.stockholders that share in its profits.Stock - % of ownershipStock - % of ownershipNew industries required a New industries required a
tremendous amount of capital, so the tremendous amount of capital, so the corporation was necessary.corporation was necessary.