Much of this investment came from already industrialized countries like Germany, Great Britain, and France whose business owners looked for new investment opportunities in the United States. These investors put money into the work of mechanics and engineers with the expertise to develop new, more efficient ways of mass-producing goods. Machines benefited the United States by allowing business owners to specialize in the production of goods and manufacture them in large quantities to distribute throughout the nation or export. As a result, the cost of mass-produced goods went down as their quantity went up causing industrial profits to rise. With the creation of transcontinental railroads and telephones, marketing nationally was available to distribute these goods.
As this capitalist industrial system spread, reactions in the form of socialist thought increased making it obvious that there was a dyer need for a revolution. This theory spread throughout the world into the early 20th century. After many socio-economic changes nations began to base their socialist/communist views on the ideologies of Karl Marx. Marx believed that the injustice in capitalism determined that the industrial working class
The idea of this time was to build a capitalistic society and generate money and power through cheap and quick production and distribution. A laissez-faire system was established to allow unregulated rule of the factories and their production methods. The Industrial Revolution made Britain a world superpower of this time and has had both negative and positive influences because of that, that are still felt around the world today. With the invention of the factory came the growth of modern urban cities. When factories were placed in cities many people moved into the city for work.
Many Americans attempted to reform the often harsh social and economic conditions fostered by rapid industrialization and urbanization and progressive movement was the response of the nation. The nations focus shifted from Industrialization and Immigration, Gilded Age to Progression. The Progression was focused on in the United States between the years of the mid-1890s and the early 1920s. Progressive Era was a period of rapid economic growth fueled by the changes brought about by industrialization. It was “a bridge to modern times” as its effects touched virtually all Americans and transformed the role of government in American society.
The government can be seen to be doing this through the vast amount of Council house’s that were built. This new approach was revolutionary compared to the previous Conservative government with Classical Economics where if Unemployment was low the government would not intervene; for the first time action was being down to prevent Unemployment. There were problems however, inflation had started to rise and by nationalising the Coal industry, mining became inefficient as there were now too many people working after the government overmanning of the mines.
The debate surrounding the period of the 18th century in relation to the social structures prevalent at the time mainly centered around three theorists, two of whom shall be compared and contrasted in this essay. The Industrial revolution of the 18th century began a whole new social system characterized by class division, concentration of power in few people’s hands and oppression (Mcllelan: 1980). Money and wealth became the force behind society and production became the main means of achieving it. However, in the process of transition into production type societies, the already existing divisions in society widened, one side were the elite who owned most if not all the wealth, political power and social standing and on the other side, the middle and lower class who had little or nothing (Mcllelan:1980). In economic terms, there were divisions in the structure of labor and the conditions in which the workers were entitled to (Mcllelan: 1980).
Each class, bar the king and queen, served the class above them. However, in the Manifesto, these class antagonisms have been whetted down to two rival societies - the Proletariat and the Bourgeoisie. Marx argues that though times have changed, the exploiter in the feudal system has now simply been replaced with the equivalent of a capitalist exploiter. The two classes’ struggle, in Marx’s view, means that there must be a revolution to the new ways of socialism. The bourgeoisie view that the feudal system of ruling was one of massive
The Industrial Revolution marked a major turning point in history of the world and brought with it sweeping changes. It gave rise to the following changes in Europe and elsewhere: Rise of capitalism - Industrialization led to the decline of feudalism in Europe giving rise to a new system in its place. In this system, the means of production are privately owned and operated for profit. This is called capitalism. New social classes - Capitalism gave birth to two new social classes.
The Industrial Revolution which took place in both the 19th and 20th century was an important point in history that altered industry like never before. With the invention of new machines such as the assembly line, worker productivity and output increased. Mass production occurred within the Industrial Revolution which made goods more affordable. With this increasing amount of industry, the demand of workers and urban industrial centres increased. Because of this demand for workers women were brought into the workforce and left the traditional life of taking care of the household behind.
At the same time, economic globalization leads to benefits and costs to different individuals and areas, thus bringing light to concerns about inequality and poverty. All throughout history we have seen the exploitation of peoples by the technologically superior group. Hundreds of years ago, the superior nation were the ones with the firearms and new sources of energy like steam power. Today economically stable nations are calling the shots, and they are being heard around the world. Globalization is a social process in which nations are interacting based on trade which is being driven by trade and fueled by technology.