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Capitalism and Imperialism (Second Industrial Revolution (Consequences of …
Capitalism and Imperialism
Politics
tension in Europe
no armed conflicts
but
increase in the production of
arms
Germany
foreign policy
Bismarck
alliances
Austria
to prevent
France to recover Alsace
and Lorraine
Russia
Italy
Wilhelm II
dismissed Bismarck
starts an expansionist
period
tension with other
European countries
Second Industrial Revolution
Industrial capitalism replaced
finance capitalism
Combination of innovations
Finances
Industry
Organisation
Technology
Energy
Electricity
hydroelectric
generator
electric cables in homes
Electric bulb
Oil
new processes to refine oil
kerosene
petrol
Petrol powered car
Technology
Bessemer converter
cheaper steel for
industrial
machinery
skyscrapers
cars
Stainless steel
New types of fibres
artificial silk
New Industries
Electrical technology
Siemens and AEG were
established in Germany
generators
engines
wires
lamps
light bulbs
Food industries
metal tins
to preserve perishable food
Chemical industry
perfume
medicines
dynamite
Finance and Investment
Capital needed to
establish
the
industries
maintain
expand
They obtained
finance from
Loans from banks
Direct investments
from
bank in industry
Selling shares
to investors
Investors could buy
and sell
those shares in different
companies
at the stock
exchange
Consequences of
industrialisation
Consumerism
Economic inestability
Expansion of internatonal trade
Use of the assembly-line system of producton
Industrialised countries
bought raw materials
Upper and Middle classes
wealthier
consumed
large quanttes of manufactured goods
Working class
low wages
poor working conditons
unemployment
consumer society
Use of advertsing
New luxury items
Industrial producers
Germany
Electrical and chemical industries
Europe's leading industrial
producer
Powerful iron and steel
industries
US
Rapid industrialisation
nmigration from Europe
provided and expanded work
railway system
Japan
Didn't have bussiness men or investors to start new
industries
the government built its own factories
Great Britain
Stop being the leading industrial power
its factories were
outdated and it did not invest in industries
Spain
Imperialism
Late 19th -early 20th
centuries
Developed countries
took control of
other regions and
lands all over the
world
The lands became
colonies and formed
part of the various
colonial empires
European countries,
US and Japan
Areas of Africa, Asia
and Oceania
Causes
Finance capitalism
Rapid industrial
development
Colonies provided
industrialised countries
with cheap raw materials
Colonies also provided
new markets where
industrialised countries
could sell the
manufactured goods
Symbol of international prestige
more powerful countries
strategic
locations around the world
Attractive destination for European emigrants
Growing population
machines replacing workers
emigrated to look for work and better living standards
Consequences of Imperialism
Colonies controlled by a minority
imposed European
culture
native people had second class status
racial
segregation was common
Rivalry
between imperial powers
Imbalanced world economy
wealthy nations controlling and
exploiting less developed countries