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The Growth of Industrial Prosperity

The Growth of Industrial Prosperity. The Second Industrial Revolution. “Age of Progress” 1871-1894 New products replaced textiles, railroads, iron, coal Steel Chemicals Electricity Internal combustion engine Europeans could spend more $ on consumer products Tariffs Cartel

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The Growth of Industrial Prosperity

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  1. The Growth of Industrial Prosperity

  2. The Second Industrial Revolution • “Age of Progress” 1871-1894 • New products replaced textiles, railroads, iron, coal • Steel • Chemicals • Electricity • Internal combustion engine • Europeans could spend more $ on consumer products • Tariffs • Cartel • Larger factories  assembly line

  3. The Industrial Economy • Rocky economy 1871-1895 • La Belle Epoque1895-1914 • GR replaced BR as industrial leader of EU

  4. Two economic zones • BR, BG, FR, NT, GR, AUS, N. IT  advanced industrialized core • A-H, SP, PR, RS, Balkans  weak industry & economy • New patterns in agriculture • Spread of IR  Japan • Development of world economy

  5. Women and Work • Women’s “right to work”? • Pieceworkers and “sweating” • After 1870 new white-collar jobs for women • Some women forced in prostitution

  6. Organizing the Working Classes • Many influenced by Karl Marx • German Social Democratic Party (SPD) • Socialist parties modeled after SPD in other countries • Second International  socialist organization

  7. Eduard Bernstein  evolutionary socialism/revisionism • Many socialist parties remained tied to national concerns/issues • Development of trade unions • Some socialists driven to anarchism

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