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Flying Shuttle Invented
The flying shuttle was invented by John Kay and made weaving faster and easier for weavers. -
Water Frame Invented
This was invented by Richard Arkwright and was a spinning machine that was powered by water. -
Spinning Jenny is Invented
This was invented by James Hargreaves and allowed spinners to spin fibers much quicker. -
Adam Smith
The Wealth of Nations was published in 1776, and was written about the economy. This book greatly influenced Capitalism and Laissez-faire economics. -
Invention of the Spinning Mule
This was invented by Samuel Hargreaves and used technology of the water frame and the spinning jenny. This machine further improved methods of spinning thread or yarn, making it more durable. -
The US
In this year, Samuel Slater moved to the united states and built a spinning machine. This then led to the first factory in America, and eventually to industrialization. -
Cotton Gin Invented
Invented by Eli WHitney, this cleaned cotton much more effectively and quickly than ever before. -
WIlliam Wilberforce
This was the day that the Slave Trade Act of 1807 was passed. This bill was what Wilberforce, an abolitionist, had worked towards for 16 years. -
Capitalism
David Ricardo's book "Principles of Political Economy and Taxation" expands on the ideals of Thomas Malthus and thus expands on Capitalism. Capitalism is an economic system in which money is invested in business ventures with the goal of making a profit. -
Reaper Invented
Cyrus mcCormick invented the reaper in 1831. This was a machine that helped boost American wheat production by mechanically harvesting grain. -
Slavery Ends In Britain
William Wilberforce fought for his entirel parliamentary carreer to abolish slavery in Britain. Although he didn't see that during his career, it happened in 1833, 8 years after he retired from Parliament in 1825. -
Factory Act of 1833
This act ended child labor in Britain and mandated that it was illegal to hire any child under 9 and illegal to overwork those from age 9-17. -
Friedrich Engels
Friedrich Engels published The Condition of the Working Class in 1844. He was a friend of Karl Marx and contributed to The Communist Manifesto. -
Karl Marx
On February 21, 1848, Karl Marx, a 19th century philosopher, published his book "The Communist Manifesto', creating a wave of contreversy. -
Socialism
The Communist Manifesto sparked a radical type of Socialism and brought these ideals more to the forefront of western thinking. Socialism is an economic system in which the factors of production are owned by the public and operate for the welfare of all. -
Communism
in 1849, Friedrich Engels, Karl Marx' "partner in crime" fled Germany like Marx because of the potential danger that his writing brought. This danger was due to the somewhat communist ideals that were in The Communist Manifesto. Communism is an economic system in which all means of production are owned by the people, private property ceases to exist, and all goods and services are shared equally. -
Utilitarianism
John Stuart Mill's essay "Utilitarianism" was published in Fraser's Magazine in 1861. This essay defended utilitarianism, which is a theory that government actions are useful only if they promote the greatest good for the greatest number of people. -
John D Rockefeller
John D Rockefeller was the owner of Standard Oil, a "big business" during the industrial revolution period. He founded this company in June of 1870. -
International Council of Women Founded
This was a group of wopmen activists from around the world. At the 1899 meeting, delegates from 27 countries attended. -
Andrew Carnegie
Andrew Carnegie founded the Carnegie Steel company in 1892, another "big business of the Industrial Revolution
