Malthus and Ricardo

By the 1800s, the Industrial Revolution was well underway in Great Britain touching all sectors of the British economy. More people moved to the cities to work in the factories while less and less were left in rural areas to farm. With this came the evils of industrial society: low wages, bad living and working conditions, overcrowding, pollution and poverty. At the same time many other new inventions were appearing, such as the steam engine. Because of the industrial revolution, the market grew rapidly, bringing about radical changes in the British economy. …