mention any 2 consequences of industrial revolution in economic field..plz answer it fast it's urgent
Answers
Answered by
2
Consequence list
Just as the causes of the Industrial Revolution lie on different levels, so the consequences of this process were felt in different areas of society.
From a demographic point, the population grew because of the revolution. Also, a process of internal migration from the countryside to the city was experienced.
For its part, the economy of the industrialized countries was transformed into a sustainable one. In addition, the new concepts of capitalism and private property.
However, the most evident consequence was the industrialization of modern societies. This element still has repercussions in our days.
1 - Demographic growth
The economic stability created by the Industrial Revolution had repercussions on the organization of societies. The European population grew at a steady pace, as it promoted the existence of larger families.
On the other hand, external migration also contributed to the demographic growth of the most industrialized countries.
2- Internal and external migration
From the demographic point of view, the Industrial Revolution gave way to an impressive migratory process.
To begin with, the industrialized countries experienced internal migration. The workers moved en masse from the countryside to the city in search of better life opportunities. Thus the urban population increased and the rural population decreased.
Second, there was external migration. It is estimated that from the eighteenth century to the nineteenth century there was a migratory exchange between America and Europe of more than 50 million people.
3- Sustainable Economy
The Industrial Revolution gave way to a sustainable economy, in which supply equaled demand. This made many nations experience economic growth, becoming richer and more developed every day.
4. Capitalism and private property
Mass production fostered the concept of capitalism which had been raised by Adam Smith .
Likewise, the Industrial Revolution promoted the idea of private ownership of the means of production, that is, industry.
5- Industrialization of modern societies
The most notorious consequences of this process were the industrialization and modernization that occurred thanks to the introduction of the machine in the different areas of society.
I hope it will help you....
Just as the causes of the Industrial Revolution lie on different levels, so the consequences of this process were felt in different areas of society.
From a demographic point, the population grew because of the revolution. Also, a process of internal migration from the countryside to the city was experienced.
For its part, the economy of the industrialized countries was transformed into a sustainable one. In addition, the new concepts of capitalism and private property.
However, the most evident consequence was the industrialization of modern societies. This element still has repercussions in our days.
1 - Demographic growth
The economic stability created by the Industrial Revolution had repercussions on the organization of societies. The European population grew at a steady pace, as it promoted the existence of larger families.
On the other hand, external migration also contributed to the demographic growth of the most industrialized countries.
2- Internal and external migration
From the demographic point of view, the Industrial Revolution gave way to an impressive migratory process.
To begin with, the industrialized countries experienced internal migration. The workers moved en masse from the countryside to the city in search of better life opportunities. Thus the urban population increased and the rural population decreased.
Second, there was external migration. It is estimated that from the eighteenth century to the nineteenth century there was a migratory exchange between America and Europe of more than 50 million people.
3- Sustainable Economy
The Industrial Revolution gave way to a sustainable economy, in which supply equaled demand. This made many nations experience economic growth, becoming richer and more developed every day.
4. Capitalism and private property
Mass production fostered the concept of capitalism which had been raised by Adam Smith .
Likewise, the Industrial Revolution promoted the idea of private ownership of the means of production, that is, industry.
5- Industrialization of modern societies
The most notorious consequences of this process were the industrialization and modernization that occurred thanks to the introduction of the machine in the different areas of society.
I hope it will help you....
Answered by
2
The precise start and end of the Industrial Revolution is still debated among historians, as is the pace of economic and social changes. Eric Hobsbawm held that the Industrial Revolution began in Britain in the 1780s and was not fully felt until the 1830s or 1840s, while T. S
Similar questions