Name: 市場革命----3 (The Market Revolution - 3)
Uploaded: 2021-01-14T07:07:44.000Z
Duration: 11 min 56 s
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The Industrial Revolution
and the Transportation

and the Communication Revolutions
of the early 19th century

both in the short term
and in the long term.

In this video, I want to talk
about three major effects

of the Market Revolution,
and those were changes

Well, we've already talked
about this a little bit

in the earlier videos, but here is a view

Now this is from a slightly later period,

but I think it gives you a
good sense of what it was like

With the Market Revolution
really comes the emergence

And there are a couple of
ways that, that's important.

One is that people
start working for wages.

It's a move away from subsistence farming

and a barter economy,
which also means that

people aren't necessarily in
charge of themselves anymore.

And there's a lot that
goes along with that,

which means that people
stop being their own bosses.

it means that you have a lot less control

So imagine that you're a
farmer and you're really sick.

Oh well, you know maybe you
don't plant some seed that day

and you get really sick,
you don't report to work

So people are no longer
able to set the pace

And with things like
interchangeable parts, for example,

fewer and fewer artisans,
so masters of a craft,

So it used to be perhaps you
would be a master shoemaker,

a master cobbler, and you would
make every part of that shoe

from tanning the leather
to nailing in the sole.

which will later become even more codified

So instead of doing all of
making a shoe and saying

"I am a master maker of
shoes," now your entire job

and then hand off the
shoe to the next person.

So there's never anything
that you can point to

So a lot of people say
that this is a period

when people stop being able to
take pride in their own work

But what's even more
important about this process

of interchangeable parts,
assembly-line labor,

is that it leads to an overall,
what they call, deskilling.

if you've broken down a
task into enough small parts

that you've got people
literally hammering in

the same nail on a different
shoe 12 hours a day,

then you don't necessarily
need highly trained artisans

And what happens if you
are not highly trained,

we'll call this unskilled labor,
and you decide you want to

Well, your boss doesn't
need to train anyone

to hammer in that nail
so you'll just get fired.

a little bit more precarious
because you don't need

an exceptional skill
to have a factory job,

All right, let's talk about
entry into a market system.

In this time period, the
United States develops

And that's different from what
most people had been doing

up until that point because
people in the United States

to be processed and made
into finished goods.

And this is similar to
the system of mercantilism

that you might be familiar
with from the colonial era.

Well, the war of 1812
and some of the conflict

leading up to it, led the United
States to embargo England,

So people couldn't send
their raw materials there.

They responded by investing
in their own factories.

So the war of 1812 is actually
a pretty important moment

for the development of domestic
industrialization at home.

And so now, instead of
this kind of import/export

or barter economy, people are making deals

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市場革命----3 (The Market Revolution - 3)

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