Oh my look who we have here. Greeting Mr and Mrs. Clark
Would you like to have stroll with me? while we discover the industrial revolution effects?
Oh that sounds like a fruitful stroll isn't it, ofcourse
Oh my here goes the non stopping talks again....we're definitely going to be late
Good morning Mrs. Wood. What a wonderful coincidence I must say
In 1712, British inventor Thomas Newcomen used coal to power a steam engine
New Sources of Energy
in the 1760s, Scottish engineer James Watt created a steam engine that could be used in a variety of industries.
Steam power meant that factories no longer needed to be located near waterways. Now factories could be built anywhere. Many were constructed in coal-mining areas
Interesting how did that help?
How did we get here...oh my my party..
Early Industrial Cities
Mr. Clark remember when cities were not prepared for the flood of newcomers?
Ofcourse! People crowded into narrow row houses, often with five to ten people sharing a room. These houses had no running water or toilets.
In cities, businesses had access to shipping and railroads, workers, and customers. Even for the poor, city life offered greater opportunities compared with life in the countryside
Early Industrial Cities
Now that's harsh
Why could you tell us more about the country side?
Economic Philosophies
Laissez-faire economics is basically the idea that the government should leave the economy alone is known by the French phrase laissez faire.
This is Adam Smith, and I support capatilism,
Economic Philosophies
Greetings Mr and Mrs. Clark, Mrs. Wood. This is Robert Owen a socialist
Socialists wanted to develop a world in which all would benefit from wealth. The early socialists believed in a mix of public and private ownership.
Greeting to all of you gentlemen
Don't' even ask, famine and poverty were even more widespread.
Capitalism is an economy based on the private ownership of property. In a capitalist economy, people use property to compete for profits in a market.
It was a pleasure listening to your perspectives gentlemen
This is too much information for the day,,, forget the party I want to go home already...
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