SOC227H5 Chapter Notes - Chapter 1: Industrial Society, Industrial Revolution, Feudalism
Document Summary
Note#1: historical perspective on work (1700 1950s) Industrialization: technical aspects of the accumulation and processing of society"s resources. Industrial society inanimate sources of energy fuel a production system that uses technology to process raw materials. Capitalism: key aspects of the economic and social organization of the productive enterprise. Capitalism system of production relatively small no. of individuals own and control the creating goods and services majority are paid to work. 2 basic periods of the emergence of capitalism in europe: Mercantile/commercial capitalism capitalism: spain, holland, england, and france accumulated huge fortunes by trading internationally in a variety of goods, provided wealth to fuel the growth of industrial, feudal society economy. Pre-capitalist economy wage labour was rare and business class had not yet become dominant. Production of goods by artisans/home-based putting out system larger workshops that made metal, cloth, glass, and other finished goods. Harnessing many machines to a single inanimate energy.
