1848: Year of Revolution
In Our Time
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The Industrial Revolution and the Transition to Capitalism
The 1840s is a period actually of really severe economic crisis, you know, we might want to call it a kind of perfect storm in economic terms. From about 1845 until about 1847 there were two years of very bad harvests and this leads to price rises fundamentally,. which in turn leads to a downturn in the trade cycle and unemployment because people can't afford to buy manufacturing goods anymore.
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