How did the Industrial Revolution Affect Consumers?
The Industrial Revolution, while it impacted consumers greatly, was also impacted by consumers. It is a cycle, like the common saying “which came first, the chicken or the egg.” The consumers, according to my research, started to have a higher demand for products. This caused an increase in inventions to supply the consumers with the products that they wanted. This process kept spiraling with supply affecting demand and demand affecting supply and the whole time both supply and demand increasing dramatically. In the beginning people would mostly just buy things that they needed. They wouldn’t waste their money on something that would not be useful to them. But eventually, with the increase in supply, people started to buy things that they did not necessarily need. They would buy things because it was most in style, and they started to spend their money on things that they only wanted and didn’t need. The Industrial Revolution increased the supply of consumer goods, increased the demand of consumer goods, increased the amount of advertising geared towards consumers, and was also affected by the consumers. In these ways, the Industrial Revolution affected consumers. …show more content…
“In 1840 the cotton-textile industry produced over 100 times what it produced in 1760(McCusker, 396).” This 100 times increase in goods meant that there were more products for consumers to buy, and the increase in supply gave the consumers more incentive to buy the goods. “Technological changes made possible a tremendously increased use of natural resources and the mass production of manufactured goods(Britannica School).” Mass production was the cause of this increase of consumer goods. The new technologies increased the supply of these products for consumers to be able to
The Industrial Revolution, while it impacted consumers greatly, was also impacted by consumers. It is a cycle, like the common saying “which came first, the chicken or the egg.” The consumers, according to my research, started to have a higher demand for products. This caused an increase in inventions to supply the consumers with the products that they wanted. This process kept spiraling with supply affecting demand and demand affecting supply and the whole time both supply and demand increasing dramatically. In the beginning people would mostly just buy things that they needed. They wouldn’t waste their money on something that would not be useful to them. But eventually, with the increase in supply, people started to buy things that they did not necessarily need. They would buy things because it was most in style, and they started to spend their money on things that they only wanted and didn’t need. The Industrial Revolution increased the supply of consumer goods, increased the demand of consumer goods, increased the amount of advertising geared towards consumers, and was also affected by the consumers. In these ways, the Industrial Revolution affected consumers. …show more content…
“In 1840 the cotton-textile industry produced over 100 times what it produced in 1760(McCusker, 396).” This 100 times increase in goods meant that there were more products for consumers to buy, and the increase in supply gave the consumers more incentive to buy the goods. “Technological changes made possible a tremendously increased use of natural resources and the mass production of manufactured goods(Britannica School).” Mass production was the cause of this increase of consumer goods. The new technologies increased the supply of these products for consumers to be able to