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A time when new inventions such as the seed drill and the steel plow made farming easier and faster. The production of food rose dramatically.
the change from an agricultural to an industrial society and from home manufacturing to factory production, especially the one that took place in England from about 1750 to about 1850.
(1771-1858) British cotton manufacturer believed that humans would reveal their true natural goodness if they lived in a cooperative environment. Tested his theories at New Lanark, Scotland and New Harmony, Indiana, but failed
an English economist who argued that increases in population would outgrow increases in the means of subsistence (1766-1834)
A political economist. He thought up the "iron law of wages," (a supply-demand system with wages) which proposed that wages were kept just above subsistence level. Ricardo is important because he is considered to be a very influential classical economist.
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