Summary
The video explores the impact of the industrial revolution that began in 1764 with the invention of the Spinning Jenny, leading to significant societal changes. Factors such as technological advancements, access to coal, and new trade networks played crucial roles in reshaping the economy and promoting industrial development. While the industrial revolution boosted economic growth, it also brought challenges like child labor and poor working conditions, ultimately leading to the establishment of labor rights and improved living standards.
The Luddites
In 1813, fourteen men known as 'Luddites' are sentenced to hanging for destroying a machine in English York. The Luddites protested against the threat of extinction faced by their professional group.
Industrial Revolution Beginnings
The industrial revolution began in 1764 with the invention of the Spinning Jenny, a weaving machine that could spin eight threads at a time. This marked a significant shift in society and led to massive societal changes.
Factors Contributing to Industrial Revolution
Various factors such as agricultural transformation, the availability of coal, trade networks, and institutional changes contributed to the industrial revolution. England's access to cheap coal and technological advancements like Watt's steam engine played crucial roles.
Economic Transformation
The industrial revolution reshaped the economy, leading to the development of industries like textile production, improved trade networks, and changes in societal rules and regulations. The emergence of new ideas and systems facilitated economic growth and innovation.
Impact on Society
The industrial revolution led to significant social changes, including the rise of the bourgeoisie class, increased productivity, and the transition from agrarian to industrial societies. However, it also brought challenges like child labor, poor working conditions, and economic disparities.
Technological Advancements
Technological advancements like the invention of the steam engine, the shift to snilleindustries (ingenious industries), and the introduction of electric motors revolutionized industrial processes and boosted global industrial development.
Economic Growth and Welfare State
The industrial revolution ushered in economic growth, surplus production, and the foundation of the welfare state. This period saw the establishment of labor rights, shorter working hours, and improved living standards.
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