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The Industrial Revolution. Why Britain? new farming methods new crops stock breeding more food = lower prices lower prices = extra money extra money =

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Presentation on theme: "The Industrial Revolution. Why Britain? new farming methods new crops stock breeding more food = lower prices lower prices = extra money extra money ="— Presentation transcript:

1 The Industrial Revolution

2 Why Britain? new farming methods new crops stock breeding more food = lower prices lower prices = extra money extra money = charter co. & joint stock co. = capital political stability natural resources strong navy & colonial markets

3 On the Continent Lagged behind Britain b/c of the Napoleonic Wars Bel., FR, & German states eventually industrialized primarily in mining & metallurgy combined new machinery w/ cottage industry

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5 Early Inventions Flying Shuttle (c. 1733 – John Kay) Spinning Jenny (c. 1750 – James Hargreave) Water Frame (c. 1771 – R. Arkwright)

6 Textile Machines New Textile Machines Cheap Goods Increased Consumerism Steam Engine Iron Industry Coal Industry Transportation Industry: RR’s & Steam Ships Commuting Goods to Market

7 Steam Engine

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9 Railroads on the Continent – c.1850

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11 Ramifications Industrial Middle Class landed aristocracy tied to manufacturers; investors Reform Act of 1832 Industrial Working Class Luddites trade unions Chartists Urbanization problems Chadwick’s Poor Law com. Factory Act of 1833

12 Thomas Malthus & David Ricardo Population Growth & “Iron Law of Wages” When wages are high, workers have more children. When wages are high, workers have more children. More children create a large labor surplus that depresses wages. More children create a large labor surplus that depresses wages.

13 Child Labor in the Mines Child “hurriers”

14 Working Class Housing - Manchester

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