Lesson-+5th+April

__Notes: INTRODUCTION TO INDUSTRIAL REVOLUTION 5th April__ __Definitions:__ - Money to invest in the form of loans and savings - Individual/ nationwide context - Harsh working conditions - Eg. pay, lodging, food, hours, workplace safety - Prevented by: institution of labour laws, protection of human rights - Prevention measures: EMPLOYEE: trade unions (definition: collective body with the ability to bargain for better rights) (organized labour) EMPLOYER: spotchecks to ensure laws are being duly enforced - Machinepower VS manpower - Automated VS manual labour - Standard protocol + Organized work ­__Key Characteristics of the Revolution__ - Technological Revolution - Emergence of the Worker (definition: one who partakes in institutionalized labour in a workplace as opposed to work from home) - Revolution in Machinery (power source controlled, regulated => applied to machines => accelerated production process) - Organization + Protocol + Work => workers selling, rather than just final-product goods, their labour- working for wages as part of a large collaborative effort rather than subsistence - Provided context for birth of communism/ socialism (ways of thinking that challenged the ‘natural order’ of things) __Purpose of the Revolution__ - Profit ($$$) __Essential Prerequisites for the Revolution__ - **INPUT (AKA FACTORS FOR PRODUCTION) -** labour (requires: large number of unemployed, deprived of livelihood, pool of labour therefore made available) - capital (disposable income/ excess invested) - machinery (accelerates production, increases efficiency and brings about ability for sale in bulk) - available land - **PROCESS (haven’t really talked about this yet but anyway)** - **OUTPUT -** manufactured goods - profit (from demand of target market) __Benefits of Revolution__ - CREATION OF MIDDLE CLASS - PROFIT $$$ - ABILITY TO CONTROL + REGULATE + MANIPULATE POWER SOURCES FOR OUR OWN USES __Drawbacks of Revolution__ - Exploitation of poor by rich (living/working standards) - Profit at expense of ethics/ morals (values etc)
 * CAPITAL**
 * EXPLOITATION**
 * INDUSTRIALIZE**