America was industrializing in the late eighteenth century, which was a movement of industry and factories, and an influx of workers going to the factories to earn money for their everyday lives, which led to many people getting new jobs and fewer people having zero money at all. To the east of America were two other big countries who were trying to industrialize as well. Japan and Russia specifically were industrializing between 1850 and 1914, which affected the industry of both countries. This included factories being converted to automated machinery, however, as a result of the industrialization, Russia was treating its workers much worse than how Japan treated theirs. An example of this is how Russia paid its workers a lot less that what
From 1928, when the plan started, to 1932 to its end, many factories, dams, power stations and even cities were being built. Despite there being harsh penalties implemented to workers for failure to meet their targets, there was still a significant increase in Russia’s industrial growth in a very short period of time. Just like the emancipation of the serfs in 1861, under Tsar Alexander II, in protest of Stalin’s policies, the peasants, in protest, refused to work harder than they needed too, causing them to destroy livestock and crops, which eventually lead to their unnecessary death. Stalin, just like the Tsarist autocratic regime, was not committed to collectivism but preferred capitalism in his ruling of the Soviet Union. This caused a lot of rebellion from the Kulaks who opposed collectivism.
But the most significant challenge towards Germany’s industrial revolution was its political set up. Germany before 1871 was made of numerous German States with Prussia being biggest. And so trade was difficult and circulation of raw materials to factories was also hard. Only with the unification of Germany that she truly became an industrial powerhouse. Among the German states, Prussia emerged as
After the civil war and the establishment of People’s Republic of China and Mao Zedong assuming power in 1949, poor China’s new government planners realized the need of socioeconomic development. As socialists, they decided to copy the successful socialist economic model of the Soviet Union which is their communist political resort. This socioeconomic development relied on: the “command economy” that mainly depended on the state’s governance and control over the resources allocation, the ownership of all important large factories and enterprises “cash caws”, dominant of the raw materials, nomenklatura system and agriculture with cheapest prices, price system control. All of that were resources to finance the prioritized “Big push industrialization”
With jobs readily available and profit margins through the roof the working class had more money than ever and were able to afford these commodities. General and convenience stores were taking advantage of this and advertising became a very important component of the industrial world. The downsides of this rapid-fire economy showed through the working mans long hours and poor conditions. Labor Unions began to become increasingly popular and this led to many small but successful steps in improving workers
It was basically because of the various new inventions. There was development in machineries, railways, and steam and iron ships. All this led to the increase in economy of Britain; it then led to the creation of world economy and then international division of labour. All these factors increased the standard of living in Europe. There was development in coal industry in the 19th century.
In the past, humans are poor in China. Therefore people want to develop the economy, which was often at the cost of our environment. More factories were encouraged to established to increase the DGP and the level of people’s living standard. For instance , there were many steelworks in HeBei province. Because China need a huge amount of steel to construct railways,which can play a vital role in the national development.
Pre World War II Stage Before the Second World War, international capital movements were highly influenced by the industrial revolution, which resulted into a significant effect on international business. The industrial revolution occurred in the United Kingdom and made the production of manufacturing goods convenient and cheaper through mechanisation of the production process. Surplus goods were available for export to other countries. Innovations caused large-scale production of a variety of goods that required more raw materials from other countries. As a result, capital began to flow out, manufactured goods were exported by the European countries and food and raw materials by the less developed countries.