Industrial Capitalism: The Key To Growth In Great Britain

Decent Essays
Due to urbanization, industrial capitalism grew in Great Britain. The key to growth in population was the decline in death rates, wars, and major epidemic diseases, such as smallpox, and plague. Famine and poverty were the two main factors that impacted global migration and urbanization. However, industrialization also impacted urbanization as large amounts of people migrated from the countryside to cities for work in the factories. The rise of population in cities led to industrial capitalism, which was an economic system based on industrial production or manufacturing that rose during the Industrial Revolution. With this the Middle Ages saw a rise in commercial capitalism, a better financial system based on trade. With all the people

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