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

•(par. 1) The Industrial Revolution is the substitution of competition for the mediaeval regulations which had previously controlled the production and distribution of wealth which

led to growth of two systems of thought:

1) Economic science

2)Socialism

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

• (par. 4) Decrease in rural population.

causes:1)the 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.

Improvement of the breed of cattle

Introduction of the rotation of crops

Invention of the steam-plough

agricultural societies

• (par. 6-7) Growth of industry.

causes;

1) mechanical inventions in textile industry

e.g.

the spinning-jenny

The water-frame

Crompton's mule

the self-acting mule

most important:

Steam-engine

Power-loom

2) mechanical revolution in iron industry

Smelting

Application of the steam-engine to blast furnaces

3) improved means of communication

e.g.

Canal system

Roads improvement

railroad

Results:1) increase in commerce

2) substitution of factory system for domestic system.

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

rise in rents caused by

1)money invested in improvements1)

2)enclosure system

3)3) consolidation of farms

4) high price of corn

social changes in country life:

• (par. 9) Social changes in manufacturing world: farmers shared in the prosperity of the landlords

consequences:

1) the farmers change their habits

2)the farmers ceased to work and live with their labourers

3) class conflict.

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

1)fall in wages

2)rise in price

3)sudden fluctuations of trade

Conclusion:the effects of the Industrial Revolution prove that free competition may produce wealth without producing well-being.