Why is Imperialism a cause and consequence of the Industrial Revolution?Explain in 100 words.
Answers
Explanation:
The Industrial Revolution first began in Britain in the 18th century but soon spread throughout Europe and North America. Historians have identified several causes for the Industrial Revolution, including: the emergence of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution.
Capitalism was a central component necessary for the rise of industrialization. Historians refer to the form of capitalism common during the Industrial Revolution as laissez-faire capitalism. Often, laissez-faire capitalism is also referred to as free market capitalism or market capitalism. Simply put, laissez-faire translates to “leave us alone” meaning that the government should remain out of the economy and instead allow individuals to freely carry out their own economic affairs. At the time, it was a revolutionary idea, because in the previous centuries, mercantilism had been the dominant economic system. In general, mercantilism is viewed as an economic system that favored heavy government control and regulation. Under mercantilism, absolute monarchs ruled over vast empires and controlled almost all aspects of the economy. However, prominent thinkers, including Adam Smith, began to argue against mercantilism in favor of an economic system with more freedom for individuals.
The Industrial Revolution first began in Britain in the 18th century but soon spread throughout Europe and North America. Historians have identified several causes for the Industrial Revolution, including: the emergence of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution.
Capitalism was a central component necessary for the rise of industrialization. Historians refer to the form of capitalism common during the Industrial Revolution as laissez-faire capitalism. Often, laissez-faire capitalism is also referred to as free market capitalism or market capitalism. Simply put, laissez-faire translates to “leave us alone” meaning that the government should remain out of the economy and instead allow individuals to freely carry out their own economic affairs. At the time, it was a revolutionary idea, because in the previous centuries, mercantilism had been the dominant economic system. In general, mercantilism is viewed as an economic system that favored heavy government control and regulation. Under mercantilism, absolute monarchs ruled over vast empires and controlled almost all aspects of the economy. However, prominent thinkers, including Adam Smith, began to argue against mercantilism in favor of an economic system with more freedom for individuals.
ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜʜ...