3. Discuss the causes of the Industrial Revolution from 1865-1895. Be specific in explaining how each point you make affected the economy. There were many factors that contributed to the industrial revolution. Money were popping up from a variety of different sources so business’ can expand‚ mining added silver and gold to bank reserves‚ investments from profits helped to stimulate the economy‚ and small investors started to invest in stocks because they thought it would help them get rich
Premium Alexander Graham Bell Steel Industrial Revolution
Socialist Ideology (a)The origins and principal tenets of the socialist thought. Before the Industrial Revolution Britain was an agrarian society with approximately 90% of the population living in the rural areas. Most people worked in the field as farmers and farmhands on land owned by a small minority (Aristocrats). During this time‚ the manufacturing of goods such as textile was a slow process because everything was done by hand. However‚ a series of innovations changed the way people lived
Premium Socialism Industrial Revolution Marxism
The Second Industrial Revolution brought unity and prosperity to the once uneconomical Europe. Products such as railroads‚ coal‚ iron‚ and textiles‚ as well as the discovery of electricity‚ and use of chemicals‚ petroleum‚ and steel‚ are all contributes to what is referred to as the Second Industrial Revolution. These products brought improvement and advancement to all social classes. The Middle Class was profited greatly due to the Revolution. Some were even starting to merge with upper class
Premium Middle class Industrial Revolution Social classes
The Industrial Revolution was an innovative period of time between the mid-18th and 19th centuries that forever changed the lifestyle of people into a more urban lifestyle. The elevator‚ or‚ safety elevator as it was called at the time was invented by an American industrialist and entrepreneur. His name was Elisha Graves Otis. With this invention‚ Otis basically laid the foundation for all elevator stores and companies to come‚ and forever changed the look of urban areas and skyscrapers for the society
Premium Industrial Revolution Factory Steam engine
Prompt: Access the validity of the following statement: "Conditions in the United States were ripe for an industrial revolution in the early 1800’s." "Reaping What You Sow": The American Industrial Revolution "The economy of the United States before the War of 1812 was largely shaped by geography..." says Arnold S. Rice. Under Henry Clay’s American system‚ canals‚ railroads‚ and public education paramounted past internal improvements. (Doc B). The inventions oriented towards textile and
Premium United States Industrial Revolution United Kingdom
Industrial Revolution (DBQ) England‚ the lead world superpower at the time‚ had both the financial and intellectual resources available to put into research and development for Industrial Revolution to begin in England. Being an economic beacon they tended to attract the smartest and most motivated individuals‚ who were in need of work‚ to England. Economic pressures in the textile business‚ which England dominated‚ started to drive toward industrialized factories. The increase of economic efficiently
Premium Industrial Revolution
rerum the Industrial Revolution had a great impact on the people all around the world. The Industrial Revolution began in England in the 18th century and spread throughout the world. Many nations had to respond to the challenges of the Industrial Revolution and the imperialism of the West that had spawned. People had to face the significant consequences that were created through this time in history. The nature of these consequences and their effect on various people throughout the world were very
Premium Industrial Revolution Europe United Kingdom
Industrial Revolution Economy QUESTIONS – 2005 – What do you understand by the term‚ industrial revolution? How do you account for its varying pace in Britain‚ France and Germany? 2006 – Highlight the variation in the pattern and pace of industrialization in Britain France and Germany between 1830-1914. 2009 – Describe the various factors which determined the divergent pace and pattern of industrialization in the 19th century. 2010 – In what ways was the experience of industrialization different
Premium Industrial Revolution Cotton Steam engine
After Reconstruction‚ the makeup of American life changed dramatically with the Second Industrial Revolution. The Second Industrial Revolution was driven by rise of the patented inventions and the formation of corporations. Many of these corporations were bought out by a few wealthy men to form trusts. These trusts such as the Carnegie Steel Company and Standard Oil Company were essentially monopolies that controlled the economy and politics. This rise of big business from 1870 to 1900 was achieved
Premium United States Industrial Revolution Gilded Age
machines and mass production of goods through them made a big change in the lives of people around the world and the progress through them was established through the Industrial Revolution which took place during the late 18th and the early 19th century in England. England was the first to initiate this revolution. The Industrial revolution led to a massive products of ready-made products. Intially the East India Company gave them he support for finance and expansion of their industries. In experimenting
Premium Industrial Revolution Factory United Kingdom