Essay on The Industrial Revolution
From the beginning of the Industrial Revolution to the present day, the structure and culture of the American workplace have been affected by many forces, among them capitalism, technology, globalization, and issues of equality. Describe these forces in detail and analyze their impact on the structure and culture workplace.
Capitalism is an economic system that is based on the private ownership of capital or the means of production and the creation of goods and services for profit. Some of the elements central to capitalism include capital accumulation, competitive markets and a price system.
Capitalism has been dominant in the Western world since the end of Mercantilism. It was fostered by the …show more content…
The profit motive is not just the result of greed on behalf of individual capitalists. Many times they do not have a choice about it. The need to make a profit is imposed on capitalist as a condition for not losing their investments and their position as capitalist. Competition with other capitalists forces them to reinvest as much of their profits as they can afford to keep their means and methods of production up to date.
As you will see, we hold that it is the class division and profit motive of capitalism that is at the root of most of the world’s problems today, from starvation to war, to alienation and crim. Every aspect of our lives is subordinated to the worst excesses of the drive to make profit. In capitalist society, our real needs will only ever come a poor second to the requirements of profit.
Technology is defined as the making, modification, usage and knowledge of tools, machines, crafts, techniques, systems, methods of organization, in order to solve a problem, improve a preexisting solutions to a problem, achieve a goal, handle an applied input/output relation or perform a specific function.