What is industrial revolution in sociology?
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INVESTING COMMODITIES
Industrial Revolution
REVIEWED BY JAMES CHEN Updated May 7, 2019
What Was the Industrial Revolution?
The Industrial Revolution was a period of major industrialization and innovation that took place during the late 1700s and early 1800s. The Industrial Revolution began in Great Britain and quickly spread throughout the world.
The American Industrial Revolution commonly referred to as the second Industrial Revolution, started sometime between 1820 and 1870. This period saw the mechanization of agriculture and textile manufacturing as well as a revolution in power, including steamships and railroads, that affected social, cultural, and economic conditions.
Industrial Revolution Explained
Although the Industrial Revolution occurred approximately 200 years ago, it is a period that left a profound impact on how people lived and the way businesses operated. Arguably, the factory systems developed during the Industrial Revolution are responsible for the creation of capitalism and the modern cities of today.
Before the revolution, most Americans made their living farming and lived in widespread rural communities. With the advance of factories, people began working for companies located in urban areas for the first time. Often the wages were low and conditions were harsh. However, working for businesses paid a better living than farming.
Production efficiency improved during the Industrial Revolution with inventions such as the steam engine. The steam engine dramatically reduced the time it took to manufacture products. More efficient production subsequently reduced prices for products—primarily due to lower labor costs—opening the marketing doors to a new level of customers.
The United States government helped businesses by instituting tariffs—taxes on foreign goods—so that products like steel made by U.S. companies was cheaper than foreign imports. Cheaper steel prices encouraged the development of infrastructure such as railroads and bridges during the American Industrial Revolution.