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The Industrial Revolution1


the Industrial Revolution1

unto itself, and it is included in various sections within this unit. Finished products, raw materials, food and people needed a reliable, quicker and less costly system of transportation. Stephenson was invited by the Stockton and Darlington Railway to build the railroad between those two towns. Iron, the Theories of Sociology improvements in the iron industry came in the early l8th century. Two kinds of capital were needed by these industrialists; long-term capital to expand present operations, and short-term capital to purchase raw materials, maintain inventories and to pay wages to their employees. Firstly, Britain had lots of coal and iron ore, which was needed to power and make the machines that were required by industrialization. When the Bank of England tightened credit because of government demands, many of these banks failed. Workers acquired new and distinctive skills, and their relation to their tasks shifted; instead of being craftsmen working with hand tools, they became machine operators, subject to factory discipline. A banking system was eventually set up to distribute capital to areas where it was needed, drawing it from areas where there was a surplus. These factories which were to spring up throughout the countryside were large, dusty, poorly illuminated and ventilated and dangerous.

Their lot was one of having no political influence in a land where the government followed a laissez-faire policy. Dickens writings selected for use in this unit should prove to be entertaining to the students, while bringing the material contained in the narrative to life. For full treatment, see, europe, history of: The Industrial Revolution. Watt which were invented at a rapidly increasing rate during the period. Before the Industrial Revolution happened, each generation of people produced a roughly similar amount of products to their predecessors and overall economic wealth was fairly stagnant. Discuss the major points of capitalism. Labor If the conditions in which people lived in these factory towns were considered bad, then the conditions in which they worked can be appropriately characterized as being horrendous. All of the jobs that existed in coal mining were not as dangerous as the firemans however, every one of them could be termed hazardous.

the Industrial Revolution1


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