Question

How did the industrial revolution give rise to capitalism?

Answer 1

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Answer 2

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1. The ill-begotten child of industrialization was imperialism.

2. Industrialization mainly included two things. One of them was the steady availability of raw materials and the other was the sale at the same pace of the finished goods.

3. High import duties had been imposed by the developed countries as defensive tariffs to test the countries' import type.

4. Faced with the question of seeking new markets for their goods, the producer nations preferred countries that had not yet achieved industrialisation.

5. Hence a race began among the various industrialized nation to bring those areas under their effective occupation or effective influence.

6. As a result, British , French and Japan etc. established their colonies in Asia , Africa and so on.