Industrial Revolution- AP Euro
How did cotton transform the textile industry
Cotton could be spun mechanically with much greater efficiency than wool or flax
What was the result of the consumer revolution of the 18th century
New type of society in which people drive their self identity as much from their consuming practices as from their work life
Growth in 18th-century consumers and clothing was wncouraged by what two factors
The growth of fashion merchants who dictated changing styles and the declining production costs of labor
At the center of the Adam Smith's argument in the wealth of Nations was the
The pursuit of self interest in competitive markets would improve the living conditions of citizens
Edward jenner recieced financial prized from the british government for
Discovering cowpow could vaccinate smallpox
How did yhe origins of industrialists change as the revolution progressed?
It became harder for new firms and instead industrialists were increasingly likely to have inherited their wealth
How did railroads affect production
Markets become broader, encoiraging manufacturers to create larger factories with more sophisticated machines
The industrious revolution was a result of
Poor families for choosing to reduce leisure time in the production of goods for household consumption in order to earn wages to buy consumer goods
David ricardos iron law of wages states that
The pressure of population growth will always sink wages