The Industrial Revolution Part 2: Freedom Under Law
Watch the video on our YouTube channel.
- Collections: History
- Collections: Economics
- Industrial Revolution and the Standard of Living, from the Concise Encyclopedia of Economics
Source: Video: The The Industrial Revolution: A Program in Three Parts (Indianapolis: Liberty Fund, 2000).
Viewing Guide created by Amy Willis, Arizona Council on Economic Education (ACEE), 2005.
1. Summarize Ronald Coase’s explanation of Adam Smith’s description of why the Industrial Revolution happened when and where it did.
2. What are the types of liberty that were growing and flourishing during the Industrial Revolution? Provide examples.
3. On what other freedom(s) is the freedom of enterprise dependent upon? Explain.
4. Explain why France, which seemed equally as well-poised for industrialization as England, did not reap the same benefits of the Industrial Revolution.
5. How was the agricultural sector being revolutionized prior to the manufacturing sector?
6. What role did profits play in the spread of industrialization?
7. How can the expansion of markets during the Industrial Revolution be measured by mobility?
8. How did decreasing transportation costs help transform England into a nation of shopkeepers?
9. Why does the video assert that the role of merchants in the Industrial Revolution is often underemphasized relative to that of manufacturing?
10. Summarize the key points of the social theorists Adam Smith and John Locke.
Concluding Question:
How did the attainment of political rights help citizens of the time to attain economic rights, and vice versa? Explain, using examples.
OLL Videos
- A Design for Liberty: The American Constitution
- Adam Smith and the Wealth of Nations
- Hong Kong: A Story of Human Freedom and Progress
- The Industrial Revolution Part 2: Freedom Under Law
- The Industrial Revolution Part 3: A Magnificent Century
- The Intellectual Portrait Series: A Conversation with Anthony de Jasay
- The Intellectual Portrait Series: A Conversation with Armen A. Alchian
- The Intellectual Portrait Series: A Conversation with Ernest van den Haag
- The Intellectual Portrait Series: A Conversation with Gary S. Becker
- The Intellectual Portrait Series: A Conversation with Harry V. Jaffa
- The Intellectual Portrait Series: A Conversation with Henry Manne
- The Intellectual Portrait Series: A Conversation with Israel Kirzner
- The Intellectual Portrait Series: A Conversation with Jacques Barzun
- The Intellectual Portrait Series: A Conversation with James M. Buchanan (Part 1)
- The Intellectual Portrait Series: A Conversation with James M. Buchanan (Part 2)
- The Intellectual Portrait Series: A Conversation with John Hospers
- The Intellectual Portrait Series: A Conversation with Leonard Liggio
- The Intellectual Portrait Series: A Conversation with Ljubo Sirc
- The Intellectual Portrait Series: A Conversation with Lord Peter Thomas Bauer
- The Intellectual Portrait Series: A Conversation with Lord Ralph Harris and Arthur Seldon
- The Intellectual Portrait Series: A Conversation with M. Stanton Evans
- The Intellectual Portrait Series: A Conversation with Manuel Ayau
- The Intellectual Portrait Series: A Conversation with Max Hartwell
- The Intellectual Portrait Series: A Conversation with Milton Friedman
- The Intellectual Portrait Series: A Conversation with Paul W. McCracken
- The Intellectual Portrait Series: A Conversation with Ralph McInerny
- The Intellectual Portrait Series: A Conversation with Richard Cornuelle
- The Intellectual Portrait Series: A Conversation with Ronald H. Coase
- The Intellectual Portrait Series: A Conversation with Sir Alan Walters
- The Intellectual Portrait Series: Profiles in Liberty - Raoul Berger
- The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek
- The Intellectual Portrait Series: Una Conversacion con Manuel Ayau