Industrialization The development of industry… economic activity concerned with the processing of raw materials and the making of goods in factories usually involving the application of technology

Industrialization

England Several conditions favored the development of industry in England: Large population = Labor Rivers = Transportation, Water Power Natural Resources (Coal, Iron Ore) Strong banking system = Money Political Stability

Industry Textiles (chart p. 719) Steam Engine Railroads Canals

Positive Effects Cheap and efficient transportation caused growth of industry and economy New jobs became available Agriculture and fishing became more profitable because of transportation and new markets Growth of a middle class New technology Women got jobs More variety of products Producing goods became more efficient

Negative Effects Pollution Crowded cities with no sanitation or trash removal Bad working conditions Child labor (p.724) Housing shortages

Global Inequality Industrialization required cheap raw materials from less developed land and markets to sell manufactured goods Poorer or less developed nations were viewed as inferior to Europe