The document discusses the impact of the industrial revolution, including how it significantly influenced nations' development by allowing industrialization which accelerated economic growth. It drove urbanization as many moved from countryside to cities for work in the new factories. It also led to the rise of capitalism, which initially exploited workers but later more widely distributed wealth. Industrialization increased consumerism, international trade, and pollution from burning fossil fuels. It also helped spur the feminist movement as women demanded equal rights.
The document discusses the impact of the industrial revolution, including how it significantly influenced nations' development by allowing industrialization which accelerated economic growth. It drove urbanization as many moved from countryside to cities for work in the new factories. It also led to the rise of capitalism, which initially exploited workers but later more widely distributed wealth. Industrialization increased consumerism, international trade, and pollution from burning fossil fuels. It also helped spur the feminist movement as women demanded equal rights.
The document discusses the impact of the industrial revolution, including how it significantly influenced nations' development by allowing industrialization which accelerated economic growth. It drove urbanization as many moved from countryside to cities for work in the new factories. It also led to the rise of capitalism, which initially exploited workers but later more widely distributed wealth. Industrialization increased consumerism, international trade, and pollution from burning fossil fuels. It also helped spur the feminist movement as women demanded equal rights.
A nation's development is significantly influenced by industrialization.
Without it, a nation could continue to be undeveloped. Agriculture too had a significant role in a nation before the industrial revolution. Although now, both industrialization and agriculture are crucial to maintaining the nation's healthy economy. Economies based on agriculture and handicrafts also mechanised manufacturing on a large- scale basis. Existing industries have became more productive and efficient as a result of new equipment, energy sources, and work organisation techniques. With the opening of the first cotton mill in Bombay in 1854, India began its industrialization process and became a growing nation. Industrialisation process majorly impacted India as well as other countries. Before the industrial revolution, majority of the people used to live in the countryside. Whereas, after the industrial revolution, the population of the cities began growing enormously as people moved there in pursuit of work. This part is known as urbanisation. It also led to the growth of the movement called capitalism. This gave power to business owners and gave them authority to make major decisions related to the growth of their business and in turn the economy, which did not involve the government. After capitalism, exploitation of workers and unfair practices became quite common. Although later on, Overall amount of wealth increased and distributed more widely. Industrialisation also increased the spread of consumerism. Buying and selling became more common, which also increased international trade. India transported silk, tea, coffee, and spices to Britain through the East India Company. Burning of fossil fuels took place which spiked the pollution. Towards the end of industrial revolution, women demanded the right to vote and equality, which started the feminist movement which continues to exist today as well.