Modern World History 3 Introduction: Industrial Revolution

It's time to discuss everyone's favorite revolution: Dance Dance Revolution!

Just kidding. We're actually learning about the Industrial Revolution. Who likes fun dance games, anyway? We'd much rather learn about...metal...stuff... 

Sometimes being in the education business is so boring. 

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Transcript

00:28

the Romans, and the 18th century, mechanical invention was pretty much nil.

00:33

Aristocrats relied on peasants and animals to perform manual labor.

00:37

They would've used windmills, too, but Don Quixote kept coming along and destroying the darn things. Around this same...

00:42

time, a bunch of Europeans kicked off the Age of Exploration...

00:46

by going out into the world to conquer new lands, enslave...

00:49

new peoples, and steal lots of natural resources from native...

00:53

populations. The end result: the economies of Europe expanded by leaps and...

00:57

bounds, as the loot flowed in. Thinking small and local didn't work anymore. It was time...

01:02

for mercantilism to take the wheel. Fun fact: that was almost the title of Carrie Underwood's song.

01:07

"Mercantilism Take the Wheel." It just didn't have quite the same ring to it, though. Anyway, the central...

01:12

tenet of mercantilism is that you must export more than you import.

01:16

This seems like a pretty simple concept, right? However,

01:19

in order for mercantilism to work, the nations of Europe...

01:22

had to embrace protectionism. Sorry, Spaniards, no...

01:25

fine French champagne for you. We hear the ice tea is pretty nice.

01:28

While protectionism was great for the people in charge in Europe, it was terrible for...

01:32

consumers who couldn't get access to all the products they wanted. Protectionism also...

01:36

drove up the prices on certain products, walloping consumers right in the...

01:40

pocketbook. Lots of that lovely money flowed into the hands of businessmen looking to get...

01:45

even wealthier than they already were. While British merchants in particular...

01:49

believed in the power of investing, they had some help for their schemes...

01:53

from the Bank of England. Founded in 1694, the institution...

01:57

existed to help British citizens borrow money at low interest rates...

02:01

which meant lots of entrepreneurs could take our loans to invent and innovate.

02:05

But the British had way more going for them by the time the 18th century rolled around...

02:09

than just stellar business acumen. England was an island, which meant it...

02:13

had access to water, which meant its merchants had no trouble getting...

02:17

their products to even the most exotic places. Y'know, like...

02:21

Boston Harbor. Additionally, England was a politically stable...

02:25

country, and had been since 1688. No war or conflict had...

02:29

come along to destroy English infrastructure, or force English businessmen...

02:33

to spend their money on things like AR-15s. England...

02:37

also had a ton of coal and iron at home, which came in handy...

02:40

when Thomas Newcomen invented the first steam engine...

02:43

in 1712. A perfect storm was brewing in England. This...

02:47

tiny island had the money, the geographic location, the stability, and...

02:51

resources to do something amazing. Like lose the American colonies to a bunch of...

02:55

upstart revolutions, for not sharing. Okay, so that maybe wasn't...

02:58

so amazing for the British. But some of the folks on ye olde Albion...

03:02

started to wonder what would happen if animals and people both...

03:06

of which need food and sleep, didn't have to do so much manual labor.

03:10

And what if were possible to produce a lot of stuff, like buttons or bullets,

03:14

or jelly beans, really quickly and cheaply? It dawned on the British that...

03:18

the new machines they'd been building, like Newcomen's Steam...

03:21

Engine, could be used to complete work far faster than...

03:24

animals or people could. More efficiency meant more money, which meant more innovation,

03:29

which meant more money. And so the Industrial Revolution was born.

03:33

At least, it was born in England. Don't worry Russia, you'll get to modernize, too.

03:37

Eventually.