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Transcript

Mind map

Large quantities

Farming

Domination

Agriculture dominated the economy for a long period of time, and with the help of the industrial revolution agriculture soared. The developments of new machines helped to increase productivity and produce larger quantities of crops which helped feed the population which was constantly increasing. The industrial revolution had a big impact on agriculture in a positive way with amazing growth and distribution. On the other hand it also was a negative experience for those individuals whose lives depended on farming jobs. Those who were farmers were impacted because these new innovated machines were now doing their jobs. They were no longer needed heavily impacting their lives.

Population increase

More food

Agriculture technology

Huge growth

Private property taken away from farmers

I believe that the principles of classical liberalism are a consequence of the industrial revolution. Because the revolution took so many individuals jobs away and or paid them very unfair wages and made them work in these horrible working conditions. The industrial revolution basically replaced human work with machines, which destroyed many lives. I believe that people became aware that this was unfair for those individuals so these principals were created in order to have stability with in the work environment. These principles created balance between individual freedom and the work industry.

  • The primacy of individual rights and freedoms, to be exercised in the individuals self interest
  • The belief that humans are reasonable and can make rational decisions that will benefit both themselves and society as a whole
  • Economic freedom, involving the ownership of private property and free markers
  • The protection of civil liberties
  • constitutional limitations on the government

Industrial Revolution

The changes that the Industrial Revolution had on agriculture, commercial and Industrial, and Society

Large scale production

wealth

Inventions

POWER

Social structure

Factory

Manufacturer

Industrialization

Basic needs

MONEY

As a result of in the industrial revolution, society was largely impacted along with the class structure. Before the revolution, wealthy people were those that had land ownership and the aristocratic that controlled the land. Although after the industrialization a new class of owner ship came in, occupations such as lawyers, bankers, factory owners were all gaining a large amount of wealth and unlike the others they were not shy to show off their wealth with outrageous homes and luxurious lifestyles. Now because of the new rich coming in this meant that the labor and factory workers suffered. They would have to endure horrible working conditions and very unfair wages. So for the very wealthy people known as the "nouveau riche" the industrial revolution helped boom their business and lifestyle but to those who had to work at the factories it was a hard time.

As a result of the industrial revolution, americans discovered a huge amount of gold and silver which influenced the economy in Britain. Because of the economic growth this allowed the Britain to obtain a large amount of money, which the government would then use to allow major expansion of new technology. Eventually all hand labor machinery were replaced with the new innovated technology. As a result factories were created to efficiently produce goods at an effective cost and rate. This eventually occurred in all manufacturing industries.

Values

Capitalist society

WEALTH

Mercantile system

Insufficient wages

occupations

Influx of gold & silver

Working class

Commercial & Industrial Revolution

Society

Classical Liberalism Principles

Agriculture

Justification or Consequence

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