New inventions and development of factories

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Presentation transcript:

New inventions and development of factories Economic Effects New inventions and development of factories Rapidly growing industry in the 1800s Increased production and higher demand for raw materials Growth of worldwide trade

Population explosion and expanding labor force More Economic Effects Population explosion and expanding labor force Exploitation of mineral resources Highly developed banking and investment system Advances in transportation, agriculture, and communication

Increase in population of cities Lack of city planning Social Effects Increase in population of cities Lack of city planning Loss of family stability Expansion of middle class Harsh conditions for laborers, including children

Workers’ progress versus laissez-faire economic attitudes More Social Effects Workers’ progress versus laissez-faire economic attitudes Improved standard of living Creation of new jobs Encouragement of technological progress

Child labor laws to end abuses Political Effects Child labor laws to end abuses Reformers urging equal distribution of wealth Trade unions formed Social reform movements: socialism utilitarianism, utopianism, and Marxism Reform bills in Parliament and Congress