SOCB54H3 Chapter Notes - Chapter 1: Profit Motive, Deindustrialization, Transcontinental Railroad
Document Summary
Industrialization; technical aspects of the accumulation and processing of a society"s resources: capitalism; aspects of the economic/social organization of the productive enterprise. Colonies provided wealth (gold/slaves) to fuel industrial capitalism. Emerged from feudal society; agrarian societies, a pre-market economy (consumer=producer) goods and services were exchanged for rent/pre-capitalist society (wage work was rare and no dominance of business class: industrial capitalism began in the early 1700s; Putting out; production of goods in which merchants distributed work to peasants households led to larger workshops. Growth in trade/transportation due to construction of railways and roads. Industrial mill; new form of work organization/ harnessing machines to single energy sources: putting many workers under one roof/ many workers in control of managers, resistance of trend by artisans who previously controlled their own labour. Ontario/quebec were close to usa and had railways to connect to east and west canada.
