How did the Industrial Revolution and the Modern Capitalist System change the history of the world?
In Britain during the eighteenth century roughly around time 1760 to 1840 the industrial revolution transformed the system of production and organization of labor in a major way, it was a time of invention, and many new changes There were changes in technology, society, medicine, economy, education, as well as culture. There were many technological improvements that ultimately replaced human labor. This came to support capitalist practices, methods and principles. Imagine if the Industrial Revolution had never happened we would still be farming and trying to grow our own food, well as sewing and making our own clothes with whatever natural resources we would be able to find. Mass production and factories were a major key to Industrial …show more content…
Social welfare programs were created during this time and for the most part are still implanted today. The Industrial Revolution created a wide gap between the upper class and the lower class. Most of the upper class who were mostly business owners believed that governments should stay out of their business and economic affairs, these type of people were considered laissez faire thinkers. The term laissez faire can be defined as the economic policy of letting owners of industry and business set working conditions without interference from the government. On the other side the lower class felt that governments needed to improve conditions for the poor. Workers demanded more rights and protection, and this is how labor unions came into play. Laissez faire thinkers thought minimum wage laws and better working conditions would upset the free market system, lower profits, and undermine the production of wealth in
In Britain during the eighteenth century roughly around time 1760 to 1840 the industrial revolution transformed the system of production and organization of labor in a major way, it was a time of invention, and many new changes There were changes in technology, society, medicine, economy, education, as well as culture. There were many technological improvements that ultimately replaced human labor. This came to support capitalist practices, methods and principles. Imagine if the Industrial Revolution had never happened we would still be farming and trying to grow our own food, well as sewing and making our own clothes with whatever natural resources we would be able to find. Mass production and factories were a major key to Industrial …show more content…
Social welfare programs were created during this time and for the most part are still implanted today. The Industrial Revolution created a wide gap between the upper class and the lower class. Most of the upper class who were mostly business owners believed that governments should stay out of their business and economic affairs, these type of people were considered laissez faire thinkers. The term laissez faire can be defined as the economic policy of letting owners of industry and business set working conditions without interference from the government. On the other side the lower class felt that governments needed to improve conditions for the poor. Workers demanded more rights and protection, and this is how labor unions came into play. Laissez faire thinkers thought minimum wage laws and better working conditions would upset the free market system, lower profits, and undermine the production of wealth in