Industrialization

By tom880
  • Period: to

    First industrialization (especially in Britain)

  • Strikes legalized in UK

  • Poor Law Amendment Act or New Poor Law

    Limites outdoor relief. Instead indoor relief where able-bodied poor had to work in terrible conditions to encourage them to find work elsewhere

  • Zollverein

    German customs union -- first Prussia then more states joined up to 1854

  • Communist Manifesto

  • Period: to

    2nd industrialization

    England overtaken by other countries (especially Germany)
    Taylorism
    Consumerism
    "Scientific" progress ≠ previous mechanical/ technological
    Social insurance systems AND state interventioon after Long Depression
    Rise of global trade (including colonial trade) -- beginning of interdependence

  • Bessemer Process --> low-cost steel

  • Period: to

    Electricity Age

  • Vienna Stock Exchange Market Crash

  • Invention of incandescent lamp by Edison

  • Model T Ford

  • US railroad speculation bubble pops --> beginning of Long Depression

  • Period: to

    Long Depression

    Causes : speculation bubbles (see US railroad), overextension of credit, Vienna Stock Exchange Market Crash
    Shift from laissez-faire to protectionism
    Growth continues, but at a slower pace