IR+Toondoo+B+Ho+Joon+Sujin+Brian+K.


 * Notes from Industrial Revolution Chapter 1**

- Accumulation of money→invest in industry - Gradual abolishment of restrictions on production and commerce→ - Improvements in transportation, agriculture →INDUSTRIAL REVOLUTION**
 * Factors

Labor • Flexible division of labor: women and men relatively equal economic partners • Slavery existed BUT slaves were paid for their work

Money • Merchants made huge profits→invested in industry • “Proto-industrial” o Prelude to large scale industrialization o Rural manufacturing→sold to merchants o Home-based production: low-cost alternative of larger markets o Entrepreneurs, businesses accumulated the capital that enabled them to build factories

__Rural society before revolution__ • Organized? o Complex interweaving of farming and small-scale manufacturing o Middle men present to enclose deals • Challenging balance between work and home (esp for women) o At-home production of goods involved complex organization involving producers & consumers, with merchants playing a key role in them. o Specialized work, task for each worker • Workers had more independence and control as masters of their own trade while working in their own homes than in factories. • Guilds: apprenticeship o Long, tiring process that is deemed useless. o Banned because “the rules and regulations stood in the way of economic progress.” o Women regulated to unskilled, semi-skilled jobs. o Sign of ideas of economic freedom beginning to develop in France. • Labor bondage o Slavery existed BUT slaves were paid for their work o Slaves not born into indenture but agreed to work for a fixed period of time • Rural revolution o Enormous changes in agriculture and domestic manufacture o Enclosure (landlords throwing fences around common lands) • Landless peasants deprived of common land hired themselves out as day laborers. o Crop rotation • Farmers produced more food→could feed more and more people living in urban areas

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