•  (par. 1) The Industrial Revolution

Substitutes the competition for the medieval regulation which had previously controlled the production and distribution of wealth. Those facts

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 coltivation

     2)   the enclosure of common and waste lands

     3)   consolidation of small farm 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) over production and 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: new class of great capitalist employers

consequences:

 1)  relation between masters and men disappeared

2)  cash nexus was substituted for the human tie

3) class conflict.

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

Conclusion:

 wealth and well-being aren’t always related and the horrors happened in that period went on until the legislation and the combination