Industrial Revolution

1 The original accumulation

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Entry of precius metals from America

Profits of slaves trade

Commercce in the world system

  1. The original accumulationthe growth of capital available for the development of capitalism."THE ACCUMULATION ORIGINATING"

-Marx

Group of bankers & merchants --> entrepreneurs emerged ( individuals that assume not personal economic risks)

2.Protestan Reformation

german - Martin Luther (1483-1546)

Renaissance and Scientific Revolution

  • Religious movement (separation of the Catholic

Church from hundreds of thousands of Christians)

John Calvin (1509-1564)

Swiss Ulrich Zwingli (1484-1531)

King Henry VIII (1491-1547)

Decided to separate the whole Church of England from the obedience of the pope

an - Martin Luther (1483-1546)

  1. Protestan Reformation

Renaissance and Scientific Revolution

  • Religious movement (separation of the Catholic

Church from hundreds of thousands of Christians)

3.Industrial
Revolution

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Introduction of machinery --> moved to steam (replaced manual labor)

Mid from the 18th century and the beginning of the 19th.

Spread:

England

Western Europe

USA

Other countries ------>Industrial Revolution

4.IRON, STEAM AND MACHINES

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Pillars of the industrial revolution1. mechanization of the textile industries

  1. development of iron processing
  1. introduction of the steam engine machine

5.CAPITALISM

This growth was possible thanks to the original accumulation of capital and the reinvestment of the profits of private entrepreneurs, which expanded their facilities to generate more growth

The industrialization was thus becoming generalized. The labor required by the industries was available in the large neighborhoods of the main cities. The workers were given very long working hours, of 14 or 16 hours, with low salaries. Children and women were employed to pay even less.