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 Larger factories assembly line

The Industrial Economy Rocky economy

1871-1895 La Belle Epoque

1895-1914 GR replaced BR as

industrial leader of EU

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

Women and Work Women’s “right to

work”? Pieceworkers and

“sweating” After 1870 new

white-collar jobs for women

Some women forced in prostitution

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

Eduard Bernstein evolutionary socialism/revisionism

Many socialist parties remained tied to national concerns/issues

Development of trade unions

Some socialists driven to anarchism