The factory system that was created during the Industrial revolution had many positive effects on the economy. It increased wages, allowed the production of goods to be faster, and allowed more goods to be produced. The Industrial Revolution was a time where the transition to a modern industrial society made the economy rely more on modern machines instead of tools. There were remarkable changes that occurred in the economic structure due to the creation of the factory system. The factory system changed the economic structure because it forced workers to be dependent on the employer. The factory system changed economic activity from agriculture to manufacturing. The overall amount of goods and services produced expanded dramatically. …show more content…
The factory system assisted the economy to grow because the previous system was falling behind as it tried to provided for the great demand of goods. The rising middle class also helped for the factory system because those people could afford more expensive goods like cotton ore china. It occurred to traders that they could mass produce goods in greater quantity at a cheaper price, they could find more consumers and make a higher profit. Cycle works as follows: increased consumer demand prompts entrepreneurs to invest in machines to speed up production, and thereby increase profit. Profit from increase production used to invest further innovations and inventions. Factory systems were so good because of the efficiency, productivity, and quality control of a factory was because of the division of labor. This was a process by which the key tasks in manufacturing were identified and assigned to individual workers to specialize, perfect and repeat with dispatch. Introduction of financial innovations such as stock markets, joint stock companies, and national banks were all instruments for a new free-market economic system that had been evolving over centuries. The feudal system was the old system. Buyers and sellers (private business owners) satisfy their own interests by voluntarily agreeing to exchange money for a product. Business owners compete in a free market to make the best product or service at a price that will attract the most buyers. The successful businesses grow larger and employ more workers, thereby growing the economy. Proponents of the free market believe that this system encourages innovation, high quality goods, and increases the wealth of countries. The government does as little as possible in a free market economic
The Industrial Revolution was a period where factories were enhanced and new luxuries were created, some of the luxuries are still used today! This Technological Revolution was a generation where Industrialization began, which was the development of factories and other human resources. The Industrial Revolution included many positive and negative effects for citizens, but for factory workers it was mainly negative. During The Industrial Revolution, citizens were forced to work in polluted factories with dangerous and terrible conditions.
Having factories was a big part of the technological advances yet once the idea of interchangeable parts showed up and factories became more productive and ultimately made workers less valuable, while giving many people jobs. Since there were new job opportunities there was a change of population in America for the north there was urbanization according to the Library of Congress’s teacher ’s guide primary source set, “between 1860 and 1900, fourteen million immigrants came to the country, providing workers for an array of industries.” Many people came to work and did not need special skills to get a job. Immigrants and people looking for work could have an opportunity to make money
“(When) plants such as (the) textile factory appeared, soon the production of exports outpaced import of goods” (Document 3). Factories resulted in business owners receiving a greater profit because of an increase in trade due to goods being produced faster and sold cheaper. Therefore a cycle was set that benefitted consumers, workers, and business owners and contributed to the capital increase in the economy. Railroads also lead to economic growth, and “during the 1800s the amount of railroad track increased dramatically in Britain, the Continental Europe, and the United States” (Document 5). The railroad system was highly valued by business owners because it expanded the amount of customers they were able to deliver to, goods could be shipped faster, and the payload increased significantly.
While some might argue that Industrialization had primarily negative consequences for society because of the dangerous working conditions with no compensation for injury, it was actually a positive thing for society. Industrialization’s positive effects were that there were more jobs, child labor laws were created, and there was better transportation. The first thing was that more jobs were introduced. This made it easier for people to provide for their family, and although everyone had to work, they were all able to get a job so they could work.
The Industrial Revolution was a time of reform that refers to a phenomenon . Revolution usually means the change to get rid of the old authority and a whole change of things in society. Henceforth, the Industrial Revolution was a revolution or a transformation of the idea about the industry. Eminently, the most revolutionary aspect of the Industrial Revolution was the idea of mechanization. From the aspect of mechanization, it transformed the lives of people in the labor force, and how people lived during this time period.
Technology and machinery played a great role in the working class due to better production of goods. The quality and quantity of the goods being produce rose because of the advancements of technology as well as machinery. Although technology and machinery advancements were one of the positives that seemed to help the working-class it also hurt them. The machines were more productive than the workers were and this meant that businesses replaced workers with machines. As a result of this many of the working-class lost their jobs and were sent to find work other places.
Hannah Burton Mrs. Massey World His Adv 29 March 2023 Effects of the Industrial Revolution There were many different outcomes from the Industrial Revolution around the world. The effects of the revolution impacted the world in both positive and negative ways. Some of the major positive effects of the Industrial Revolution were an increase and steady wages, which allowed things to be made quicker, cheaper, and more abundantly. Thus leading to the creation of more jobs.
The Industrial Revolution, lasting from the late 1700s until the early 1900s, was possibly one of the greatest time periods in this world’s history. This time period caused people to think more and dream bigger. From these big dreams rose up inventors, entrepreneurs, and business owners. The Industrial Revolution brought many new inventions and production processes, but along with great new things come great terrible horrors. While some might argue that Industrialization had primarily positive consequences for society because of the new production methods and what they produced, it was actually a negative thing for society.
The release of harmful gases into the air from factories pollutes the world 's air, doing harm to the environment, further leading to global warming. Then, though it did boost many job opportunities, the living condition of the workers during the industrialization were poor. Company towns owned by business were rented out to employees. The owners forced them to live in isolated communities near workshops and forced them to buy goods with high interests. The cities were poorly constructed and crowded with people and residents.
The Industrial Revolution was from 1750 to 1830, a period of time that caused an economical and cultural shift. This era brought a mix of positive and negative effects that not only affected the area it was in but also its surroundings. In result of the revolution there was the cottage industry, agriculture, harsh labor within the system of factory- based manufacturing that included complex machinery, the growth of technology, new resources and the development of transportation. Also the series inventions that increased the production of manufactured goods, which then led to the increased size in the population. A series of the positive effects that came from the industrialization mostly came from the factory owners and the individuals who were above the middle class.
The Industrial Revolution was a period of time when machines changed the lifestyle of people, but was it a revolution which factors made it revolutionary? I believe that the three characteristics that made the industrial revolution revolutionary is, it reformed old structure with new ones, it is still used and influential till today, and it is caused by economic hardship. The Industrial Revolution was a significant revolution to the world and it reformed old structure of jobs. It changed the way people live and their method of manufacture.
During the mid-1700s, Great Britain underwent industrialization as a result of the Agrarian Revolution's increase in population due to improved farming methods and technology. The Industrial Revolution brought about new machinery like the seed drill, which made farming more efficient and contributed to the growth of urban areas as people moved from rural areas. While the Industrial Revolution brought many positive changes, it also had negative impacts. The Industrial Revolution brought about the factory system, which led to mass production of goods in Great Britain using machines such as the flying shuttle, the spinning jenny, and the water frame, as seen in Document 2.
Thus, leading the way for more job opportunities. Factories led to urbanization, the movement from rural areas to urban areas. With more factories in the town people didn’t have to travel as far or as much. “A graphic shows different methods of manufacturing and scrutinizes how many cars one person can produce in eight hours to how many cars five people can produce in eight hours” (Document 4). Different methods of manufacturing allowed room for more work opportunities.
Mass production became a big theme during this time, which allowed prices to lower on several goods. Trade with other countries, also helped these businesses. For Britain where the Industrial Revolution seemed to hit first, trade really benefited them. Since they had the largest ship fleet, they could trade with the Americas very easily and in high quantity. Those countries relied on Britain for trade as well as others in
The invention of new machines such as tractors and threshing machines resulted in bigger harvests and the sale of agricultural produce for profit. The development of steam-powered machines and the popularisation of the production line in factories during this period led to more products manufactured in greater amounts for sale, steering up the cycle of demand and supply for the rapidly increasing population. It is therefore evident that the Industrial Revolution was a pivotal turning point in human history as it led to massive changes in the economy and the traditional way of living life for a great