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Capitalism to the Industrial Revolution
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Capitalism to the Industrial Revolution
How did Capitalism Effect England?
End Results.
- The transition from feudalism to capitalism is often viewed as the result of a gradual and rising progress of technology, urbanization, science and trade
- Only in England were conditions right for the essential prerequisite to take hold,
- largely depended on the increasing productivity of tenants and required the state only as a means of protecting their private property and enforcing contractual obligations.
- In England, unlike anywhere else, an increasing amount of rents took the form of economic leases being fixed not by law or tradition but variably priced according to market conditions.
- Both producers and landowners were becoming dependent on the market for their own self-reproduction.
The Industrial Revolution?
What is the Industrial Revolution?
-The era known as the Industrial Revolution was a period in which fundamental changes occurred in agriculture, textile and metal manufacture, transportation, economic policies and the social structure in England.
what is Capitalism?
How did Capitalism lead to the Industrial Revolution?
Led to investing of:
-factories
-world wide trade
-production of raw material
-led to changes in agriculture, transportation and communication
Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
why was the industrial revolution only possible in England?
Unaffected by War
- More Trade
- More Innovation
- Expanding Industry
Cheap Energy
- coal
- new machinery
High Wages
- Black Plague
- Better Living
- Move to Cites
design by Dóri Sirály for Prezi