Industrialization Essay -- History Historical Industrial Essays

industrialization The Industrial Revolution began over two centuries past and has had a major impact on every reliable piece power. It began in a group of islands off the North West seacoast of Europe and has been imitated or tried by every nation looking for to increase its wealth and power throughout the world. Industrialization came out of the sanctioned ideas of capitalism because it fostered to individuals who were willing to take high risks in hopes of high returns on their investments. These investments include factories and machines that would be put to use by people to make better their standard of living. These entrepreneurs would return their profits back into the expansion and improvement of their factories and machines. This method, included with the low wages being paid to the workers, would in return give back the factory owner more and more money. One element of assiduity that cannot be forgotten is the fact that the industry must follow t he trends and tastes of the current society and if not it is inevitably going to fail. To stay ahead of the competitor that is created in a society that has competing factories one must continually be seeking out new products and improving the old ones, one overly must do everything they can to reduce the equal of the products to the consumer. The process of cost reduction goes back to affect the workers salary because the less an owner has to make its employees the cheaper a product can be produced. The natural resources needed in an industrialized nation cannot be produced by one nation alone, exactly must rely on the imports from poorer countries that are still in the get down stages of industrializing. Since the beginning of the British industrialization many ... ...pe us into what we are today. Notes1. Bruland, Kristine, British Technology and European Industrialization (Cambridge Cambridge University Press, 1989), 3. 2. Kemp, Tom. Industrializ ation in the Non-Western World. (New York Longman Group Limited, 1983), 4. 3. Kemp, Industrialization in the Non-Western World, 10. 4. Kemp, 13.Bibliography Bruland, Kristine. British Technology and European Industrialization. Cambridge Cambridge University Press, 1989.Cody, David. child Labor, http//65.107.211.206/victorian/ level/hist8.html (22 October 2000).Kemp, Tom. Industrialization in the Non-Western World. New York Longman Group Limited, 1983.Silverio, Felix. Conditions of the Working Class and Child Labor, http//www.gober.net/victorian/reports/labor.html (28 September 1999 Related Link