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Industrial Revolutio

Section 52- Palmer

"squirearchy" the landowners who ran england from 1688-1832
enclosure acts authorized the enclosure, by fencing, walls or hedges, of the old common lands and unfenced open feilds
John Kay invented the fly shuttle in 1733
Richard Arkwright patented the water frame in 1769
James Watt made inprovements on Newcomen's engine in 1763; it became the first "locomotive"
spinning jenny the effect of the fly shuttle; a kind of mechanized spinning wheel
George Stephenson built the first satisfactory locomotive, Rocket, in 1829 and it toped at 16 mph
power loom pateneted by Cartwright; steam powered and was used to mass produce cloth
Factory act of 1802 early form of "child labor laws"; had no effect
Adam Smith published "Wealth of Nations" in 1776
Malthus Essay on Population
Ricardo's "iron law of wages" when laborers get a higher salary, they have bigger families, which in turn costs more. therefore, the working class will never be more because they will always inevitably have little money
laissez faire free market is economic relationships without the influence of politics or government
free trade no taxes on any trade, anywhere
"gentlemen of England" "squirearchy"
effect of enclosure acts land came under a strict regime of private ownership or individual management
fly shuttle made it so only one person was required to operate a loom instead of two
water frame a device for the multiple spinning of many threads; by the 1780's it was powered by the steam engine instead of water
Thomas Newcomen built the first economically significant steam engine
Hargreaves invented the spinning jenny
"Wealth of Nations" criticized mercantilism, urged "natural laws"
Essay on Population The two things that man wants are food and sex, and neither can be controlled. The worlds resources are limited and once they are exhausted, life will end.
geographical advantages to the British In. Rev high supply of natural resources (iron, coal), security from invasion, ports and trade, and navigable rivers
Created by: sng4fd