Industrial revolution: activity

Complete the following notes. They will give you an outline of the information contained in the passage. The main points, relations of cause-effect, illustrations etc. are clearly indicated in the text by logical connectors. Look out for them. 

• (par. 1) The Industrial Revolution finds its essence in the substitution of competition for the medieval regulations which had previously controlled the production and distribution of wealth. In Europe it led to growth of two systems of thought:

1) Economic science                      2)Socialism

The four great English economists are 

 • (par. 2-3) Facts of Industrial Revolution. 

• (par. 4) Decrease in rural population.

causes:     1)  destruction of the common-field system of cultivation

     2)  the enclosure of common and waste lands

     3)   The consolidation of small farms into large

• (par. 5) Agricultural advance.

cause — more scientific approach:

e.g.  

• (par. 6-7) Growth of industry.

causes;

1) mechanical inventions in textile industry

e.g.  

most important:

2) mechanical revolution in iron industry

e.g.  

3) improved means of communication

e.g.  

results:   1)  periods of over production and of depression 

     2) substitution of factory system for domestic system.

• (par. 8) Revolution in distribution of wealth:

rise in rents caused by

social changes in country life:

• (par. 9) Social changes in manufacturing world

Alienation between great capitalist employers and workmen

consequences:

 1)  the old relation between masters and men disappeared 

2)  a cash nexus was substituted for the human tie (depersonalized relationship)

3) class conflict.

• (par. 10) Misery of working people often caused by:

Conclusion: free competition may produce wealth without producing well-being