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Could this lead to inflation?

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an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

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An increase in a population in cities and towns versus rural areas. Urbanization began during the industrial revolution when the workers moved towards manufacturing hubs in cities to obtain jobs in factories as agricultural jobs became less common.

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Ashton was an English economic historian. He was professor of economic history at the London School of Economics at the University of London

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How the industrialization changed society

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How the industrialization changed society

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Changes in social and living conditions. The industrial and economic developments of the Industrial Revolution brought significant social changes. Industrialization Resulted in an increase in population and the phenomenon of urbanization, as a growing number of people moved to urban centres in search of employment.

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People get a lot more respect in the work place now but some not as much as they think they deserve. It's not as often but we do still strike.

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The great companies from the industrial revolution — railroads, steel, oil, banking, and automotive manufacturing — all utilized economies of scale. After a certain level of production, or scale, was achieved, significant cost savings or additional profits were achieved.

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The book is an important explanation of how free markets can operate. ... However, by seeking to make profit, firms end up helping to create a more efficient economy that leads to an equilibrium the market for goods. Adam Smith also mentions the concept of 'invisible hand' in another work “The Theory of Moral Sentiments.”

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increasing productivity and enriching the world. But some were left behind. The historic economic boom in the 1700s and 1800s also meant a bigger gap between rich and poor.

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From the industrial revolution until now there has been a huge change. For example there are now child labor laws.Back then some businesses hired children because they were cheap, worked hard, and could do some jobs that adults couldn't do. The United States, a real effort to regulate and put an end to child labor began in the early 1900s.

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Industrialization resulted in an increase in population and the phenomenon of urbanization, as a growing number of people moved to urban centers in search of employment.

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"manufacturing was often done in people's homes, using hand tools or basic Machines. Industrialization marked a shift to powered, special-purpose machinery, factories and mass production."

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Urbanization
Textiles
Child labor
Rise in economy
Wealth
Poorer standards of living
Population increase
Impact on women/family life
Poor air quality
"social hierarchy"
New inventions
More efficient steel production
Technology
Manufacturing
Labor/Management (unfrontations)

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The Industrial Revolution was a time when the manufacturing of goods moved from small shops and homes to large factories. This shift brought about changes in culture as people moved from rural areas to big cities in order to work. It also introduced new technologies, new types of transportation, and a different way of life for many.

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Harsh conditions, Child labor, cost of wage increasing over time, life expectancy expanding, colder bodies due to less clothing. Early mornings and late nights for work, small amount of pay, little food each night.

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Andy

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Lots of advantages(food supply, medicare etc)

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a type of cloth or woven fabric.

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A Roberts loom in a weaving shed in Great Britain in 1835

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Check out chapter 9 of your textbook for an overview of many of the ideas you will need to research.

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BIBLIOGRAPHY
The factory system is a mode of capitalist production that emerged in the late eighteenth century as a result of Englands Industrial Revolution. Preindustrial England was largely organized around localized forms of production. Goods were produced on family-centered farms, and items such as yarn and other textiles were contracted for larger distribution or produced independently to be sold at a market. After technological innovations created the ability to produce textiles using waterpower, production became centralized in a single place: a factory owned in many cases by members of the former aristocratic class and staffed by workers who were paid a wage (see E. P. Thompsons 1963 book, The Making of the English Working Class ). While this mode of production began with the cotton and textile industries, it was the development of the steam engine that fully established the shift from craftspeople and localized production into production under the factory system.

There are several interconnected factors beyond technological innovation that created the factory system in England in its particular moment in history. One was the development of banking institutions, which were able to channel investments into the establishment of factories, and which were also able to facilitate economic exchange. Similarly, landowners were able to take advantage of the banking industrys low interest rates to facilitate and finance the development of transit systems, created to move goods produced under this new system. At the same time, a rise in the British population not only increased demand for goods, but also created a large pool of laborers who would eventually work for a wage after the development of the factory system. Finally, social changes in Britain at the time both facilitated the training of upper-middle-class men who would administrate the factory system and also the development of British persons as free workers, as opposed to serfs, who could sell their labor power in exchange for a wage.

As such, the development of the factory system was central to the eventual entrenchment of capitalism on a world scale. It was this very shift in production and landownership, combined with the legal backing of free individuals who may enter into a state-sanctioned contractual relationship, that created what Karl Marx (18181883) would identify as the two classes in capitalist society: those who own the means of productions and those who own labor power, which they exchange for a wage in the marketplace. Although both workers and owners share the distinction of equality under the law, it was the old aristocrats who were able to develop the infrastructure and purchase the land to develop factories, and the old serfs who had nothing to sell and exchange but their capacity for labor. This system, whereby the owners of the factories could, through the labor process, transfer the value of the workers productivity into the value of a commodity, established the efficient yet exploitative mode of capitalist production that is still with us today.

The factory system was not only the foundation for the development of capitalism; it also radically shifted many aspects of social organization and daily life. Agricultural families were largely disenfranchised by this process, and in many cases were required to move to industrial centers in order to survive. They were thrust into the system of wage labor, fundamentally changing relationships between men and women. Whereas in preindustrial societies, all members of the family were involved in production work, the advent of the factory system created a gendered division of labor for middle- and working-class families, whereby men went to work for a wage and women were relegated to household work. In poor and nonwhite families, women worked for a wage outside the home in both formal and informal settings. Men were nearly always wageworkers, while women were either relegated to unpaid work to support the work of the men in their families or themselves worked for wages as a means of survival.

The link of the wage system to factory production created not only a different work process and a gendered division of labor, but also a new form of work. Whereas work under preindustrial forms of organization was often exploitative, particularly under systems of slavery and feudalism, the development of the factory system as a defining feature of capitalism created alienated work for the first time. Work is said to be alienated when the worker is in a relationship of production whereby he or she has no autonomy or control over what he or she is producing, where the goods being produced belong exclusively to the owner of the factory, and whereby this process makes the worker alien to himself or herself and his or her community. Marx, in his book Capital: A Critique of Political Economy (1867) argued that workers are alienated to the same extent that they are subject to livelihood exclusively through the wage labor market. This same process has created a social life whereby workers are more fundamentally tied to the workplace than to their homes in terms of livelihood and dependence. This process has also created levels of bureaucracy that divide labor into segmented, de-skilled tasks.

There has been tremendous resistance to the organization of work and social life under the factory system of production. Historically, that resistance has resulted in the abolition of child labor, the creation of the eight-hour workday, and various other labor laws regulating the extent to which owners of the means of production may exploit their workers. Moral arguments about whose labor is fair to exploit, and under which conditions that labor power may be extracted, have resulted in change. Many of the first nations to develop the factory system are now seeing a decline in factory production, as its mode of efficiency under capitalism seeks ever-cheaper ways to produce goods outside the limits of environmental and labor laws. These same nations have seen a shift from factory production to a service economy. However, the fundamental form of factory production, and the inherent link to exploitative relationships under capitalism, is as yet unaltered.

Marx, Karl. [1867] 19061909. Capital: A Critique of Political Economy. Chicago: Kerr.

Thompson, E. P. 1963. The Making of the English Working Class. New York: Vintage.

Ward, J. T. 1970. The Factory System, Vol. 1: Birth and Growth. New York: Barnes & Noble.

Ward, J. T. 1970. The Factory System, Vol. 2: The Factory System and Society. New York: Barnes & Noble.

Meghan A. Burke

David G. Embrick

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BIBLIOGRAPHY The factory system is a mode of capitalist production that emerged in the late eighteenth century as a result of Englands Industrial Revolution. Preindustrial England was largely organized around localized forms of production. Goods were produced on family-centered farms, and items such as yarn and other textiles were contracted for larger distribution or produced independently to be sold at a market.

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The inventions and innovations of the Industrial Revolution transformed the U.S. and Great Britain in the 18th and 19th centuries. Tremendous gains in science and technology helped Britain become the world's dominant economic and political power, while in the U.S. it fueled a young nation's westward expansion and built vast fortunes.

A Revolution Twice Over

British innovations harnessed the power of water, steam, and coal, helping the U.K. dominate the global textile market of the mid-1770s. Other advancements made in chemistry, manufacturing, and transportation allowed the nation to expand and fund its empire around the globe.

The American Industrial Revolution began after the Civil War as the U.S. rebuilt its infrastructure. New forms of transportation such as the steamboat and the railroad helped the nation expand trade. Meanwhile, innovations such as the modern assembly line and electric light bulb revolutionized both business and personal life.

Transportation

Water had long been used to power simple machines such as grain mills and textile spinners, but Scottish inventor James Watt's refinements to the steam engine in 1775 launched the revolution in earnest. Up until that point, such engines were crude, inefficient, and unreliable. Watt's first engines were used primarily to pump water and air into and out of mines.

With the development of more powerful, efficient engines which would operate under higher pressure and increased output, came newer, better forms of transportation. ​ Robert Fulton was an engineer and inventor who had become fascinated with Watt's engine while living in France at the turn of the 19th century. After several years of experimenting in Paris, he returned to the U.S. and launched the Clermont in 1807 on the Hudson River in New York. It was the first commercially viable steamboat line in the nation. ​​

As the nation's rivers began opening to navigation, commerce expanded along with the population. Another new form of transportation, the railroad, also relied on steam power to drive the locomotives. First in Britain and then in the U.S., rail lines began appearing in the 1820s. By 1869, the first transcontinental rail line linked the coasts.

If the 19th century belonged to steam, the 20th century belonged to the internal combustion engine. American inventor George Brayton, working on earlier innovations, developed the first liquid-fueled internal combustion engine in 1872. During the next two decades, German engineers including Karl Benz and Rudolf Diesel would make further innovations. By the time Henry Ford unveiled his Model T car in 1908, the internal combustion engine was poised to transform not just the nation's transportation system but also spur 20th-century industries like petroleum and aviation.

Communication

As the populations of both the U.K. and the U.S. expanded in the 1800s and America's boundaries pushed westward, new forms of communication that could cover great distances were invented to keep pace with this growth. One of the first significant inventions was the telegraph, perfected by Samuel Morse. He developed a series of dots and dashes that could be transmitted electrically in 1836; they came to be known as Morse Code, though it wouldn't be until 1844 that the first telegraph service opened, between Baltimore and Washington, D.C.

As the rail system expanded in the U.S., the telegraph followed along, literally. Rail depots doubled as telegraph stations, bringing news to the far-flung frontier. Telegraph signals began flowing between the U.S. and the U.K. in 1866 with Cyrus Field's first permanent transatlantic telegraph line. The following decade, Scottish inventor Alexander Graham Bell, working in the U.S. with Thomas Watson, patented the telephone in 1876.

Thomas Edison, who made a number of discoveries and innovations during the 1800s, contributed to the communications revolution by inventing the phonograph in 1876. The device used paper cylinders coated with wax to record sound. Records were first made of metal and later shellac. In Italy, Enrico Marconi made his first successful radio wave transmission in 1895, paving the way for the radio to be invented in the next century.

In 1794, the American industrialist Eli Whitney invented the cotton gin. This device mechanized the process of removing seeds from cotton, something that had previously been done largely by hand. But what made Whitney's invention particularly special was its use of interchangeable parts. If one part broke, it could be easily replaced by another inexpensive, mass-produced copy. This made processing cotton cheaper, in turn creating new markets and wealth. Elijah McCoy, a mechanical engineer, filed more than 50 patents for various industrial inventions.

Although he did not invent the sewing machine, Elias Howe's refinements and patent in 1844 perfected the device. Working with Isaac Singer, Howe marketed the device to manufacturers and later consumers. The machine allowed for the mass production of clothing, expanding the nation's textile industry. It also made housework easier and allowed the growing middle class to indulge in hobbies like fashion.

But factory work-and home life-still were dependent upon sunlight and lamplight. It wasn't until electricity began being harnessed for commercial purposes that industry truly was revolutionized. Thomas Edison's invention of the electric light bulb in 1879 became the means by which large factories could be illuminated, extending shifts and increasing manufacturing output. It also spurred the creation of the nation's electrical grid, into which the many inventions of the 20th century from TVs to PCs would eventually plug.

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The Most Important Inventions of the Industrial Revolution

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Learn about some incredible innovations from the Industrial Revolution and how they transformed life in the U.S., the U.K., and the world.

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Coal, Steam, and The Industrial Revolution: Crash Course World History #32

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The Industrial Revolution began in the 18th century, when agricultural societies became more industrialized and urban. The transcontinental railroad, the cotton gin, electricity and other inventions permanently changed society.