GGR100H1 Lecture Notes - Capital Accumulation, Wage Labour, Balkanization
Document Summary
Youngstown, is huge, gigantic, consumes huge amounts of resources. In 1800 things like this didn"t exist, by 1900 people who controlled these large complexes controlled the world. Structure: capitalist industrialization and industrial change new political economy, capitalist industrialization and urban change new urban society. New political economy 1: new technologies and economic sectors, new technologies power, process, and product and industrial sectors (textiles. Machine tools, steel, chemical) drive and shape the character of capital accumulation. Huge steel mill included in the city. There is a working class district. 1820s places such as wall street are beginning to emerge as centres as financial industry which are lubricating industrial growth. In canada montreal becomes the key financial sector, by 1930s toronto took over. New political economy 3: agricultural change. Made into an industrial activity (see chart on slides) The development of a large scale argricultural system that is able to provide food for a growing mass.
