Industrial Revolution and the Rise of Capitalism
Joe Satek
Professor Elliott
Humn-303
2/17/16
Industrial Revolution and the Rise of Capitalism
At the beginning of Industrial Revolution in Great Britain colonies, many wealthy people started looking for ways in which they could increase their produce and wealth. The need to perform better, produce more cotton, textiles, coal and other minerals led to a period of inventions that enabled the powerful people to increase their wealth. Several learned people came forward with experiments that enabled the wealthy to learn how to increase morale of the workers, who were mostly oppressed, and therefore produce more. Research around Industrial Revolution is connected to capitalism or the desire to create economic benefits through hard work of the people. Industrial Revolution and capitalism led to the foundation of modern day era of development, mass production, market economy, and efficiency in production. This paper will analyze the impact of Industrial Development and rise of capitalism and their contributions to the contemporary society.
Impact of Industrial Revolution
Industrial Revolution created various machines that allowed the growing population to gain money and make investments. The rapid increase in global trade between 1760 and 1850 led to competition that led to various inventions. Investments and rise of entrepreneurs led to eruption of various inventions such as blast furnace, railroads to ease transportation, vaccination to deal with diseases of the workers, and steam machines for the manufacture of products. Industrialization had profound effects on the Civil War in the United States. The ability of the troops to carry ammunition and develop new weapons changed the history of America by creating a platform for more inventions (Spielvogel, 2010).
Researchers such as Sir John Clapham notes that the industrial revolution led to increase in economic...