The Emergence of Modern Industry ESSENTIAL QUESTION How did the drive for modernization impact the lives of the average citizen? st The 1 Industrial Revolution ►Begins in Great Britain ►Centered around improvements in production and efficiency ►Had a large “Domino Effect” ►Better agriculture leads to ►An increased population which leads to ►Higher demand which leads to ►More production which leads to… The Spread of Industrialization ►Industrialization varied from country to country ►Countries industrialize quicker if they have: • Large urban areas • History of international trade A foundry in France – 1800s ►Western Europe, the United States and Japan begin to industrialize in the 1800s. The Rise of FACTORIES Problems with Cottage Industry The Factory System CAUSES EFFECTS • Cottage industries couldn’t keep up with demand • Prices of mass-produced goods were much lower than hand produced • New inventions improved means of production • Tremendous wealth accumulated by factory owners (capitalist?) • New machines too big for homes • Need for more raw materials (colonies?) • SOLUTION: Factories • Growth of cities Unintended Consequences • Cities grow at a very rapid pace—and become VERY crowded • Urban life is dirty and difficult • Slums and tenement districts become commonplace • Labor sources become more diverse (women & children) • There is a growing divide between the rich and poor The 2nd Industrial Revolution ►Advances in scientific knowledge allow the 2nd Industrial Revolution to take place ►1870 to 1914 – 2nd Industrial Revolution ►Steel, chemicals, electricity, and petroleum ►Manufactured goods become more complex and cheaper/faster to produce • Demand for resources to produce these items grows New Ideas: Capitalism • Based upon the ideas of “LaissezFaire” • Government stays out of business • Free market system—the market sets the price (Supply and Demand) • “For Profit” system • Rewards those who produce superior goods and services New Ideas: Utopianism • Communal idea popularized by Robert Owen as an alternative to capitalism • Capitalism creates classes; classes create division amongst the people • Classless societies are the best form of social organization • Promotes cooperation and equality New Ideas: Socialism • Opposite of capitalism—no free enterprise • Government controls the economy • Wealth is more evenly distributed • The working masses (proletariat) have the power