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What are some characteristics of Capitalism and Communism?
Capitalism:
no government involvement
businesses operate to make a profit
opposed efforts to help poor workers
Thought that minimum wage laws and better working conditions would mess up the free market system and lower profits
Communism:
classless society
thought that workers sharing the profit would bring economic equality for everyone
factors of production owned by the people
no private property
shared goods and services
Socialism
the factors of production are owned by the public (aka government) and operate for the welfare of all
goal was to end poverty and promote equality
there is still private property
government would control key industries and plan the economy
Urbanization
city building and the movement of people to cities
Industrialization
the increased output of machine-made goods
began in England in the mid-1700s (mid 18th century)
spread from England to continental Europe and North America
At first it spread via the cottage system - going from one house to another
factories slowly developed and became the symbol of the new industrial age
Communism/Marx
a form of complete/radical socialism in which the means of production - all land, mines, factories, railroads, and businesses - would be owned by the government
Marx thought that workers sharing the profit would bring economic equality for all
Marx believed a communist revolution would take place:
Proletariats (workers) vs. Bourgeoisie (employers)
1. proletariats would overthrow the bourgeoisie
2. “dictator of the proletariat”
3. government would wither away (good thing?)
no private property
shared goods and services
classless society
Strikes
workers were able to go on strike after they formed labor unions
Factory Act, Mines Act, Abolition
Factory Act: made it illegal to hire children under the age of 9, children from the ages of 9 to 12 could not work for more than 8 hours a day, and young people from the ages of 13 to 17 could not work for more than 12 hours a day
Mines Act: prevented women and children from working underground
Abolition: led by the Parliament of Great Britain, passed a bill to end slave trade
Agricultural Revolution
dramatic improvement in farming methods
enclosures (fences and hedges around farms) allowed for farmers to experiment with farming methods but they displaced small farmers so they moved to cities for new jobs
crop rotation: planted fields with different crops to restore nutrients
live stock breeding: bred only the “meatiest” animals
led to increased population (who can work and demand more goods)
Crop Rotation
planted fields with different crops to restore nutrients
it rotated the crops rather than the fields so all areas were used for food production (more food!)
Unions
voluntary associations of workers
formed to press for reforms
could go on strike
engaged in collective bargaining to negotiate with management for better conditions/pay
Enclosures
aka fences and hedges around farms
allowed for farmers to experiment with farming methods
displaced small farmers so they moved to cities to look for new jobs
Capitalism/Smith
an economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit
Laissez-Faire: letting business owners act without government interference (it means leave be, let do)
no government involvement
Smith’s three natural laws: self interest, competition, and demand)
Factors of Production
capital: the money available to invest
entrepreneurship: a person who risks their money to invest in an idea or product
land: the natural resources available
labor: the people who are able to do work
remember them as CELL
Laissez-Faire
letting business owners act without government interference
it means leave be, let do
part of capitalism
How did the Agricultural Revolution lead to the Industrial Revolution?
food supply increase → population increase → less people needed to farm and they moved to cities to search for new jobs
enclosures were invented which pushed out farmers
now that more people were in the city, it allowed for a large workforce to work in factories
What were the major inventions?
telephone, typewriter, spinning mule, steamboat, dynamite, lightbulb, maxim gun, power loom, telegraph, camera, cotton gin, railroad
Telephone
instant communication
sped up businesses
created new jobs
solved the problem of isolation
connected people without leaving the house
sped up delivery because people can now make magazines and people can call in to place orders
Typewriter
legible text for business purposes
efficient writing
more time to take care of kids
sped up record keeping in businesses
created jobs - typists
Spinning Mule
created clothes efficiently
can spin lots of yarn at once
led to development of factories because the machine was too big for homes
moving to cities disrupted family life
Steamboat
propels against water
carries crops and materials
moves faster than sailboats
efficient delivery
can deliver via bodies of water
lower prices
rise to immigration because of fast transportation
can go against currents
Dynamite
helps with mining and construction
creates paths through bedrock
fast way to clear spaces
jobs opportunities - miners
helps businesses expand
potential hazards
Lightbulb
burns longer and is brighter than any candle
allows people to stay up longer
allows factories to be productive longer
more money!
longer hours ☹
people can type by a light bulb instead of by candlelight
creates light while its dark out
safer than candles - no flames
Maxim Gun
auto-reloading system using recoil
11 rounds per second
faster loading
revolutionizes modern weapons
smaller armies
smokeless powder = easier sight
advantages for armies that have one
Power Loom
precise
automatically weaved cloth
uses steam power
causes economic growth
uses child labor
takes jobs from skilled workers
more factory jobs
doesn’t need skilled workers
can clog easily
Telegraph
quick and easy communication
Morse code messages
starts use of telegrams
original texting service
expensive
business, railroad, and sailor communication
almost instantaneous communication
Camera
saves memories/history
lightweight
simple
affordable
easily accessible
easier photos
manufacturing jobs
Cotton Gin
separates seeds from cotton
cheaper made fabric and clothing
more and easier cotton production
increases slavery
Railroad
basically a steamboat on land
increased jobs
faster shipments and products
carries people as well as materials
carries goods that horses can’t
more travel opportunities
faster way to travel
Why did the Industrial Revolution begin in England?
England had…
the factors of production necessary to produce goods
Land:
water power and coal (fuel machines)
iron ore (construct machines, roads, and buildings)
rivers (for inland transportation)
harbors (from which merchants set sail)
Labor:
large labor force because of the agricultural revolution
Capital:
expanding economy and banking system made it possible for people to have money or borrow money to invest
What were the advantages and disadvantages of the Industrial Revolution?
Advantages:
dramatic increase in the amount and variety of goods produced
standard of living was raised
people given the right to form unions and go on strike improved working conditions and made the workplace safer
factories provided new job opportunities for thousands of people
more people received a better education
established standards of workmanship - raised quality of consumer goods
textile factories turned out fine clothing that people could afford
consumers had an easier time obtaining goods
people in the middle and upper classes enjoyed better diets, suffered from less disease, and lived longer lives
inexpensive goods were produced for customers
Disadvantages:
air and water pollution
factory workers had to be on the job 6 days a week
machines forced workers to work faster and without rest periods
cities became overcrowded and living conditions deteriorated
men were poorly paid and women and children made even less
most factory workers were unable to read or write because they had no time to go to school
factory work was boring
many children had to work 10-14 hours a day
a typical day for workers was 12-14 hours and they had very little leisure time
Why were some countries slower to industrialize?
some countries lacked resources
transportation was hard with mountains and such
hostile towards western ways
What were some reform efforts during the Industrial Revolution?
factory act
mines act
10 hours act
abolition of slavery
women’s rights