PM021: Report Student number: 0915672
Name: Fan Jia
analyses the causes of the Industrial Revolution and its social effects
|Introduction: | | | |The Industrial Revolution occurred from the 18 th to 19 th. It had a effect on agriculture, manufacturing, mining, transport, | |and technology. It started in the UK, then spreading throughout Europe, North America and lastly the world.(wikipedia,2010). The| |context of 18 th was productive agriculture ,reasonable transport and fair policy(More,2000).Unquestionably, European economy | |was dynamic in the early modern period (1500-1800)(Prak and Zanden,2009). the Scientific Revolution of the sixteenth and | |seventeenth centuries was vital for rise of industrial revolution.(More,2000).According to North and Weingast , Glorious | |Revolution of 1688 created the institutional pre-conditions for the Industrial (North and Weingast,1989). Understanding the | |industrial revolution and its diverse results not only is essential in dealing with recent world but can help us gain insight | |into ourselves. This report will demonstrate that the industrial revolution formed one of the central transformations of human | |history. This report also analyzes the causes of the Industrial Revolution and its social effects. |
|causes of industrial revolution: | |Capital | |Capital accumulation plays a vital part in industrial revolution. Europe provided a large number of funds for the industrial | |revolution to occur (Peter N, 1998). The new machines involved a considerable spending. The rapid accumulation of capital has | |been a decisive factor of industrial revolution. Businessman took a small part of profit to their personal needs and left the | |remainder to invest their business for a rapid growth of capital(Crouzet,).According to More(2000),’’around one third of | |investment in the last 18 th was in agriculture, one-fifth in housing and only a quarter in industry and trade. This proportion | |seems low but economic growth needs all types of investment.’’ | |Certain technologies | |The steam engine and textile technologies in particular were invented. In manufacturing industry the technical transformation | |was significant in the textile industries, particularly cotton(Deane,1979).In 1705 Thomas Newcomen invented the first steam and | |in1775 James Watt improved the engine that are used in all kinds of ways. For example the first railways were built so that | |travel had been speed up. In 1764 the Jams Hargreaves invented spinning jenny and other inventions developed textile industry. | |In order to keep pace with the growing demand of cotton in America, Eli Whitney developed his cotton matching in1793.The | |invention changed farming in America(Connolly,2003). The industrial revolution was a direct result of an increase in the factors| |of production(Mokyr,1985). In eighteenth century people observed a great deal of progress in technical representation (Daumas | |and Garanger, 1969). | |Growth of population | |Rapid growth of population had a major effect on...
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