How is this economic system clearly a product of the Enlightenment and Age of Revolutions? Adam Smith -Wealth of Nations -Father of Capitalism -Work for.

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Presentation transcript:

How is this economic system clearly a product of the Enlightenment and Age of Revolutions? Adam Smith -Wealth of Nations -Father of Capitalism -Work for your own self- interest = everyone prospers -Invisible hand

INDUSTRIAL REVOLUTION Starts in England (1780s) Scientific Revolution + Capitalism + British Empire

Changes in Production 1764 = spinning jenny 1787 = water-powered loom

Changes in Production 1782 = steam-powered machinery 1780s = Puddling = More iron

Chimney Furnace Hearth

Railroads = cheaper products - more jobs for the poor - more factories

IRON MILL IN AVESTA, SWEDEN -Europe: by USA: by Steamboat in 1807

Industrial Changes in 1.Power = electricity & light bulbs 2.Communication = telephone & radio waves 3.Transportation = car 4.Factories = assembly line

Social Changes in 1.Women’s role = Feminism 2.Population growth = Urbanization 3.Leisure = defined and passive 4.Social classes = New Money

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