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Industrialization The development of industry…
economic activity concerned with the processing of raw materials and the making of goods in factories usually involving the application of technology
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Industrialization
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England Several conditions favored the development of industry in England: Large population = Labor Rivers = Transportation, Water Power Natural Resources (Coal, Iron Ore) Strong banking system = Money Political Stability
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Industry Textiles (chart p. 719) Steam Engine Railroads Canals
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Positive Effects Cheap and efficient transportation caused growth of industry and economy New jobs became available Agriculture and fishing became more profitable because of transportation and new markets Growth of a middle class New technology Women got jobs More variety of products Producing goods became more efficient
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Negative Effects Pollution
Crowded cities with no sanitation or trash removal Bad working conditions Child labor (p.724) Housing shortages
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Global Inequality Industrialization required cheap raw materials from less developed land and markets to sell manufactured goods Poorer or less developed nations were viewed as inferior to Europe
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