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2013-03-02 13:59:03
HON 122

Hour Quiz II
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  1. The __ altered politics in __, and __spread revolutionary principles. The __ came with coal and steam, which changed human labor. Reformers were critical of the treatment of __. Shift from __ based on farming and handicrafts to a more __ based on manufacturing by machines, specialized labor, and industrial factories. 
    • French Revolution
    • France
    • Napoleon
    • Industrial Revolution
    • married women
    • labor-intensive economy
    • capital-intensive economy
  2. Developing large factoriesà mass movements of people. Higher levels of productivityà new sources of raw materials, new eating habits, and a revolution in transportation that allowed raw materials and finished products being moved quickly. A new__ and a huge __ changed social relationships.
    • wealthy industrial middle class
    • industrial working class
  3. The Industrial Revolution in Great Britain: Evolved over a large period of time, but it began in Britain after __. By __, the __ was the wealthiest country in the world and spread.
    • 1750
    • 1850
    • Industrial Revolution
  4. Factors/ Conditions
    •                                                               i.      Agricultural revolution
    •                                                             ii.      Rapid population growthà surplus labor for new factories of emerging British industry
    •                                                           iii.      Supply of Capital
    •                                                           iv.      Early Industrial Entrepreneurs
    •                                                             v.      Mineral Resources
    •                                                           vi.      Role  of Government
    • Markets
  5. The Industrial Revolution in Great Britain
    Agricultural Revolution
    • 1.      Changes in method of farming and stock breedingà significant increase in food production
    • a.      British agriculture could now feed more for less labor and cost
  6. The Industrial Revolution in Great Britain 
    Rapid population growth
    •                                                               i.      Rapid population growthà surplus labor for new factories of emerging British industry
    • 1.      Rural workers in cottage industries= potential labor force
  7. The Industrial Revolution in Great Britain
    Supply of Capital
    • 1.      Britain had ready supply of capital for investment in new industrial machines and factories needed to house them
    • 2.      Britain had profits from trade and the cottage industry, as well as an effective central bank and well-developed, flexible credit facilities
    • a.      Paper instruments now used for transactions
    • 3.      Early factory owners= merchants and entrepreneurs who profited from cottage industry
    • a.      62/110 cotton-spinning mills in Midlands were established by hosiers, drapers, mercers, etc.
  8. The Industrial Revolution in Great Britain
    Early Industrial Entrepreneurs
    • 1.      People interested in making money
    • 2.      English revolution of 17th c. helped create an environment in Britain, unlike that of the absolute states on the Continent , where political power was in the hands of people who favored innovation in economic matters
  9. Entrepreneur financial hazards
    • a.      Fortunes made quickly and lost quickly
    • b.      Structure of early firms fluid
    • c.       Individual or family proprietorship was usual mode of operation, but entrepreneurs also brought in friends to help—and quickly dropped them
    •                                                                                                                                       i.      John Marshall: money in flax spinning
  10. Mineral resources
    • 1.      needed in  manufacturing
    • 2.      Small size allowed efficient transport of resources
    • a.      Rivers used, but private and public investment= new roads, bridges, and canals
    •                                                                                                                                       i.      Linked major industrial centers of North, Midlands, London, and the Atlantic
    • 3.      No internal customs barriers to hinder domestic trade
  11. Role of Government
    • 1.      Played role in process of industrialization
    • a.      Parliament contributed to favorable business climate by providing a stable government and passing laws protecting private property
    • b.      Freedom provided for private enterprise
    •                                                                                                                                       i.      Placed fewer restrictions on private entrepreneurs than any other European state
  12. Markets
    • 1.      Allowed outlet for manufactured goods
    • a.      Exports quadrupled between 1660-1760
    • 2.      18th century wars and conquestsà Great Britain developed vast colonial empire at expense of leading Continental rivals, the Dutch Republic and France
  13. Markets: Merchant Marine
    • 1.      Well- developed merchant marine that was able to transport goods anywhere in the world
    • 2.      Crucial for Britain’s successful industrialization= able to produce cheaply the articles most in demand
  14. Markets: Best marets
    • a.      Best markets abroad in Americas, Africa, and the East, where people wanted sturdy, cheap clothes instead of costly, luxury items.
    •                                                                                                                                       i.      Britain’s machine-produced textiles did it
  15. Market: Domestic Market
    1.      Domestic market; Britain had highest standard of living in Europe and a rapidly growing population
  16. Demand
    a.      Demand from both domestic and foreign markets and inability of the old system to fulfill it à entrepreneurs sought and adopted new methods of manufacturing through series of inventionsà Industrial Revolution