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INDUSTRIAL REVOLUTION (What were the Results/ consequences of industrial…

- - - - steam engines used cheap British coal to keep
        British coal cheap, (Love, 2018)
      - cheap British coal created the opportunity for everything from railroads to steel, (Love, 2018)
      - created a positive feedback loop (Love, 2018)
    - - Britain had the highest wages in the world at the beginning of the 18th century. (Love, 2018)
      - MACHINES LOWERED PRODUCTION COSTS
        
        Wages were high and energy was cheap. (Love, 2018)
        
        prices lead directly to the Industrial Revolution by giving firms
        strong incentives to invent technologies that substituted capital and coal for labor.” (Love, 2018)
  - - - high demand (Love, 2018)
      - more comfortable than woolens (Love, 2018)
      - Cheaper than woolens (Love, 2018)
- - - - The invention of the flying shuttle
        by John Kay in 1733 (Love, 2018)
      - mechanized using water power until the
        steam engine came along to make flying shuttles
        fly in these huge cotton mills.
        (Love, 2018)
      - Newcomen steam engine by James Watt, whose engine made possible to more efficient cotton mills. (Love, 2018)
      - chemicals other than stale urine were being used to
        bleach the cloth that people wore
    - - pre-Industrial Revolution, population growth was the surest sign of economic success (Love, 2018)
      - China lacked a culture of invention when they invented
        gunpowder and printing and paper and arguably
        compasses. (Love, 2018)
      - China had most free enterprise
        during the Song Dynasty than anywhere in the
        world. (Love, 2018)
    - - India was the
        world’s largest producer of cotton textiles, despite
        paying basically the lowest wages in the world.
        
        Indian agriculture was so productive that laborers
        could be supported at a very low cost and that, coupled with a large population (Love, 2018)
        
        Indian textile manufacturing could be very productive without using machines, (Love, 2018)
- - - - the world’s economy grew fourteenfold (Love, 2018)
      - the per capita income grew almost fourfold, (Love, 2018)
      - the use of energy expanded at least thirteenfold.
        (Love, 2018)
  - - - provide
        
        education (Love, 2018)
        
        social security (Love, 2018)
        
        health benefits (Love, 2018)