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History Review
History FINAL review
Topic 17- The Making of the New Industrial Order 1760 - 1900
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History Review > History FINAL review > Topic 17- The Making of the New Industrial Order 1760 - 1900
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Industrial Revolution - Features
1760
-
1840
"
Western
"
Leader:
Britain
Financial
Revolution
Transportation
Revolution
Erie Canal (NY, 1825),
canals
are dug by human beings for creating
waterways
for travel
Industrial Revolution: Nature Harnessed
The Schuylkill Chained ( William Rush, 1825 ), shows the
river
being
chained
The
Schuylkill Freed
, the river now uses a
wheel
to generate power through the water
Industrial Revolution
New Machines
Mass Production
New ways of organizing labor
ex:
Power Loom
,
Spinning Jenny
Industrial Revolution - Old Way: the
Shop
Craftsman
( master ) in charge
Idealized
paternal authority over journeymen, apprentices
A "
family
"
Industrial Revolution - New Way: Factory
Bosses
,
capitalists
Machines
Unskilled
workers
"
Working
class"
The Question of Production -
Adam
Smith's Answer
Division of
Labor
Trade
Self-Interest
No to
mercantilism
Yes to
Capitalism
The Question of Production -
Homo Economicus
Rational
Informed
Consistent
Self-Interested
Wealth-Maximizing
The Question of Production -
Adam
Smith's
Other Human Being
Possesses "
moral sentiments
"
Sympathy
Regard for
utility
,
beauty
New Industrial Order:
Industrialization-
Basics
1870-1900
Innovation
and
Discovery
First
big businesses
Innovation and Discovery -
Steel
, Uses for
steel
Railway tracks
Cables
(bridges)
Building frames
(skyscrapers)
The Workers' World - Working Conditions
6-day
week
10-hour
day
Dangerous
work
The Workers' World - Industrial Accidents
35,000
deaths/yr
500,000
injuries/yr
The Question of Distribution - Protestant Work Ethic
Work is a "
calling
" from
God
Virtue brings
Prosperity
Hardship is
temporary
- if "
underserved
"
The Question of Distribution - Catholic Social Teaching:
Rerum Novarum
(1891)
Inequality
(to a degree) natural
Right to
private
property
Worker right to
unionize
The
Question of Distribution- Secular Answers
Laissez-faire
capitalism
New liberalism
Socialism
Communism
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