INDUSTRIAL REVOLUTION CONSEQUENCES

Industrail Revolution Consequences

Industrail Revolution Consequences

Scenario 1

Today, it is almost taken for granted that the industrial revolutions are the result of technological developments and application of the industrial production. However, from my point of view, these two factors have played a key role in stimulating industrial revolutions, but they were not the only catalyst propelling monumental development in the industry. Influentially, improvements in the organizations of the political, social patterns, trade, finance and transport has also represented the phenomenon in the prosperous industrial revolutions. In this article I will compareBritain in the first Industrial Revolution with the United States during the period of the Second Industrial Revolution, and show how the political, social, financial and transportation has encouraged the two countries moving in the industrial revolution. 1. Policies Chang Britain and the United States received enough political alternation in the form of favorable government policies to stimulate the economy to a whole new level, that is, the industrial revolution. In Britain, the Glorious Revolution of 1688 was considered the turning point in the evolution of British government, which has ensured the rise of limited monarchy. With the political recognition of property rights, togother with the provisions of the financial system, a growing number of companies have begun to engage in intra-conlonial Trad, and the economy has been expanded through this way . Consequently, the poor were forced to be the loser in this condition, and therefore the great social division was now between rich and poor, who represent futrure disorders in society. The United States, on the other hand, did not have much to do as Great Britain with the industrial revolution sinc first, she has served as a market settlement in Britain until that He claimed the independence of the Year 1775. However, once after gaining independence, the new government quickly adopted protectionism and began to intervene in market activities vigorouly. An array of new laws were introduced, including pricing policy and banking regulations liberal. The transformation has been developed a period of radical transformation and handheld devices, and handmade objects to the device manufactured goods and mass produced. This typically attended chang of life, but also hinder the process as well. Before the first industrial revolution, the economy of England was based on his cottage industry, where workers have purchased raw materials from merchants and their goods made at home. It has been owned and operated by one or more persons, who had a good worker / boss relationship. This has been demolished by capitalism. The industry has been effective, but workers, productivity was low, which makes costs higher. The longer it took a person to manufacturing a product, the Price was more, and rich people are usually those who have purchased. The transformation began in England developed in 1733 round, with the cotton weaving factory first. 3

Scenario 2

An increase of more people that day had begun, as new inventions were created. Mills followed thereafter. In 1733, British weaver John Kay, has saved the economic crisis in England ...