how is capitalism impact of the industrial revolution
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Answer:
Explanation:
The Industrial Revolution has four major causes that are discussed about frequently in a learning environment. Capitalism, however, is the most important cause of the Industrial Revolution. Capitalism allowed the new generation of people to gain money and become involved and interested in the idea of investment. The investments allowed inventors and entrepreneurs to build the inventions that rocked the world, such as the blast furnace, railroads, vaccinations and much more. Private investments, which are a form of capitalism, became a huge factor in allowing countries, such as Great Britain, to succeed in industrialization faster than other European countries, such as the Germanic states.Although some could attempt to argue that another major cause, such as the Agriculture Revolution, would be the most important, they would fail to take notice of Great Britain’s capitalist policies and their connections to how fast countries industrialized.
Capitalism, the most important cause of the Industrial Revolution, allowed the brand new generation of inventors and scientists the investments and income needed to develop their new technological advances. The largest advances during the Industrial Revolution, such as the blast furnace, the railways that connected industrializing cities to vast amounts of natural resources, and other inventions were all funded by private investors and national banks (in countries such as Great Britain, which industrialized much faster during the first Industrial Revolution). Capitalism allowed those inventions to be created and developed through loans and funds. Had it not been for the new urge to industrialize and endorse capitalism, these inventions and new technologies would have never been able to become a reality due to the fact that their creators would not have had a source of income to push said inventions into the light of day. These loans from either private investors or, in Great Britain’s case, national banks, finally allowed these great technologies a chance to actually be created and widely used, since railways (funded by capitalists, except in Russia’s case, who believed railways would provoke ‘unneeded travel’) could transport the machinery and technology much farther for much less money.
Another important factor in the race to industrialize would have to be the capitalist ideals endorsed by Great Britain’s national banks. It was far easier to receive a loan from highly industrialized economies (ie. Britain), and these developing nations had high amounts of working class citizens an opportunity to get rich quick by either investing in or endorsing the industrialization process started by capitalist intentions. The commercial farming may have contributed to the production of food, and may have led to new technologies, but, these commercial farms would not have been accepted without some form of capitalist investments and government involvement. Without capitalism’s heavy impact on the pre-Industrial societies, mankind would have been unable to progress forward to become industrial societies, and large working classes allowed fast production of said goods. While Britain had a very large and stable middle class, Russia had less than 2% of their total population in their working class. And, as you can see, Britain industrialized much faster than Russia, and any other European country during the first industrial revolution.
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capitalism allows those invention that are created with loans and funds