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Europe
Review
Europe Part 2 Review
Industrial Revolution
- The means of production of goods shifted
from hand tools to complex machines and from human and animal power to steam power.
- Industrialization started in Great Britain
because it had iron ore & coal, rivers for factories, population to work in factories, strong economy from Imperialism and the capital to invest.
Capitalism
- Adam Smith, Father of Capitalism
- Wrote The Wealth of Nations
- Laissez Faire Economics‐ government keeps
their hands off business, no regulation.
- Economy governed by the natural forces of
supply and demand and competition among businesses.
Effects of the Industrial Revolution
Postives
- Production was faster
- Improved Transportation
and Technologies
- Roads and Canals built
- Steam Locomotive
- Railroads grew
- Steam Engines
- Cotton Gin/ Water Frame
Negatives
- Working conditions
- Living Conditions (Slums)
- Disease
- Child Labor
- Pollution
Irish Potato Famine
- Under British rule, the majority of Irish farmland had
been used to grow crops, such as wheat & oats, to send back to England. The Irish used the potato as their main food crop.
- In 1845, a disease destroyed the potato crop. The
British continued to ship “their crops” to England and let over one million Irish die of starvation or
- disease. Millions of others migrated to the United
States and Canada.
Nationalism
– Pride and Devotion to one’s country – Unite or divide a country
Unifies Germany and Italy Breaks up Austria and Ottoman Empires Otto von Bismarck- “Blood & Iron” Multinational Empires