INDUSTRIAL REVOLUTION

Industrial Revolution



Industrial Revolution 1

Introduction

Nowadays, it is nearly taken for allocated that the industrial revolutions are the result of altering technology and the proper application of that in the developed production. However, from my issue of outlook, these two components did play a vital function in stimulating developed revolutions, but they were not the only catalyzer propelling monumental development in industry. Influentially, the improvements in associations of government, communal patterns, commerce, investment, and transport also accounted for the prosperous occurrence in the developed revolutions.

1. Political change

Both Britain and the United States sufficiently benefited from the political changeover, in the form of favorable government policies to boost up the economy to a whole new level, that is , the industrial revolution. In Britain , the 1688 Glorious Revolution was regarded as the turning point in the evolution of British government, which assured the rise of limited monarchy. Since then, it would be unrealistic to rule without Parliament. Several years later, in 1689, the Bill of rights was enacted in favor of the right to own private property, which also indicated that Britain henceforth steppped in the era of modern liberal democracy. This action was served as political support for creating efficient credit(financial, banking) system in the futrure. With the political recognition of property rights, togother with the provisions of financial system, an increasing number of business began to engage in intra-conlonial trade, and the economy was expanded through this way. However, although the property of rights was recognized, it also ensured tah tthe property rights of the poor should not stand in the way of the improvements of the rich .( Reformation to industrial revolution, 144) As a result, the poor was forced to be the loser under this condition , and thus the major social division was now ...