The Industrial Revolution was an era of technological advancements which came through different areas of work which helped transition society into a more machine reliant mind-set. These technological advancements did not merely transition society but assisted economic growth and change during the era to varying extents throughout each field. In the Industrial Revolution, technological advancements such as the introduction of steam power, introduction of machines in agriculture and implementation of mass-production and factories caused a major boost to the economy and helped it thrive throughout the industrial revolution, all impacting the economy in a variety of predominately positive measures, apart from mass production, proving to be a majority
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In the industrial revolution, variables such as the amount of food being produced, and the wages being given out to farmers directly impacted the economy. Technological advancements within the field of agriculture were the sole reason behind these variables making any impact as new machines such as seed drills, The Worlidge Drill, proved as great vehicles to relieve labour work, removing jobs while increasing the wages earned by remaining farmers. These technological advancements also increased the productivity of farms and how much food and produce that would be exported in exchange for money. With the money that farmers earned from their food exportation, the spending of most in different areas other than food would help stabilize the economy, creating a cycle of buying and selling. Economic effects of the industrial revolution regarding technological advancements are supported by claims made in “Agricultural Revolution in England: The Transformation of the Agrarian Economy” such as the statement of statistics in which a large majority turns into a minority as Agricultural worker numbers plummet from eighty percent of the population to twenty percent, re-enforcing the influence of agricultural technological advancements in only one century. …show more content…
Amid the rise of the Industrial Revolution, factories became common place and as a result, a large influx of available job positions were introduced into the work atmosphere. This rapidly compelled a clear majority of the working population to relocate to urbanized districts such as cities and densely populated towns for reasons such as opportunities to make money and the access to commercial goods. With the growing populations of major cities and towns, those communities initiated a growth of the economy through their contributions to their jobs and how they used their money. While the social effects of factories and mass development made large, positive contributions to the development of the economy, the owners and higher-ups of these factories took advantage of the new technology while it was in its infancy and dominated the industries of their targeted products being made, setting exaggerated prices for products, putting a burden on the balance of the economy. These same higher-ups later exploited children for cheaper wages, firing adult workers to maximize their profits. From observing the secondary source “Glass Manufacturing” an excerpt of “A History of Technology.
In the industrial revolution, variables such as the amount of food being produced, and the wages being given out to farmers directly impacted the economy. Technological advancements within the field of agriculture were the sole reason behind these variables making any impact as new machines such as seed drills, The Worlidge Drill, proved as great vehicles to relieve labour work, removing jobs while increasing the wages earned by remaining farmers. These technological advancements also increased the productivity of farms and how much food and produce that would be exported in exchange for money. With the money that farmers earned from their food exportation, the spending of most in different areas other than food would help stabilize the economy, creating a cycle of buying and selling. Economic effects of the industrial revolution regarding technological advancements are supported by claims made in “Agricultural Revolution in England: The Transformation of the Agrarian Economy” such as the statement of statistics in which a large majority turns into a minority as Agricultural worker numbers plummet from eighty percent of the population to twenty percent, re-enforcing the influence of agricultural technological advancements in only one century. …show more content…
Amid the rise of the Industrial Revolution, factories became common place and as a result, a large influx of available job positions were introduced into the work atmosphere. This rapidly compelled a clear majority of the working population to relocate to urbanized districts such as cities and densely populated towns for reasons such as opportunities to make money and the access to commercial goods. With the growing populations of major cities and towns, those communities initiated a growth of the economy through their contributions to their jobs and how they used their money. While the social effects of factories and mass development made large, positive contributions to the development of the economy, the owners and higher-ups of these factories took advantage of the new technology while it was in its infancy and dominated the industries of their targeted products being made, setting exaggerated prices for products, putting a burden on the balance of the economy. These same higher-ups later exploited children for cheaper wages, firing adult workers to maximize their profits. From observing the secondary source “Glass Manufacturing” an excerpt of “A History of Technology.