Topic 17- The Making of the New Industrial Order 1760 - 1900

Subdecks (1)

Cards (25)

  • 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