Concetti Chiave
- The development of English industry involved reinvestment of profits and the formation of corporations, reflecting economic growth through the stock market.
- Protestant work ethic, particularly Calvinism, was seen as conducive to industrial development, highlighting economic success as a sign of divine favor.
- Urban growth was significant in cities like London and Manchester due to factory locations, resulting in challenging social conditions for lower classes.
- Workers faced exhausting workdays, unhealthy environments, and job insecurity, with women and children earning lower wages.
- Despite the difficult conditions for workers, the overall living standards of the general population saw improvement.
What is the Development of the English Industry?
The development of English industry is based upon internally as companies reinvest profits by exploiting labor. Later there was the birth of the corporation: the capital of a company was divided into several units called actions. The stock market became the mirror of the economy of the country. Also with the railroad and the steel industry there was an involvement of banks and the state, and this evolution took place gradually in England.
The Role of Protestantism
According to the German economist Max Weber in his essay The Protestant Ethic and the Spirit of Capitalism, the mentality Protestant (Calvinist) is particularly suited to the development inustriale since it focuses on the importance of economic success understood as a sign of divine favor in against the individual. Other scholars have highlighted the role of education with the development of technical schools or the importance of culture dell'intrapresa and others have emphasized the role of minorities that make forms of guaranteed income.
Urban Growth and Social Conditions
There was a large urban population growth especially in the cities of London and Manchester because of location of factories in the cities. There were, however, dramatic living conditions of the lower classes who were the center of attention and became known as the social question.
The duration of the working day was exhausting, and the workers were working in unhealthy environments lack protection and subjected to the threat of dismissal. Even women and children worked after six years in the textile industry especially for small fingers and tapered. They also perceived a lower wage than men. The situation of workers worsened but improved the living conditions of the general population.
Domande da interrogazione
- How did the development of the English industry evolve over time?
The development of the English industry evolved through internal reinvestment of profits and the exploitation of labor, leading to the birth of corporations and the stock market reflecting the country's economy. The involvement of banks and the state, particularly with the railroad and steel industries, marked a gradual evolution in England.
Accedi a tutti gli appunti
Tutor AI: studia meglio e in meno tempo
