Activities

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 is the substitution of competition for the mediaeval regulations 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. destruction of the common-field system of cultivation,
2. enclosure of common and waste lands,
3. 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) increase in commerce

     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: farmers shared in the prosperity of the landlords

consequences:

 1)  change their character

2)  character ceased to work and live with their labourers

3) class conflict.

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

Conclusion:

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