Overview
The industrial revolution began in Great Britain in the 18th century and slowly spread to different parts of the world. This refers to changes from the handicraft economy to the most dominated machine manufacturing and industrial equipment.
The technological changes and introduction of novel work methods have fundamentally transformed society. Although the process began in the 18th century, it spread in Britain, and sooner it became the prime factor of the modern revolution and industrial set-up.
The industrial revolution broadly kept the basis of the industrial revolution, whereas the United States and other European countries began in the 19th century. The industrial revolution has changed the way modern industries work. This industrial revolution has significant importance in the modern-day world. Therefore, if students working on the assignments of the industrial revolution have to cover more information, this is why they need economics assignment help. The assignment writing services help in writing the best assignments.
What Are the General Characteristics of the Industrial Revolution?
The key characteristics of the industrial revolution are cultural and socio-economics. These technological changes will include the following things:
- The use of new basic materials such as steel and iron has been increased dramatically
- New energy resources such as motive power and fuels, including steam, internal combustion engine, petroleum, electricity, and coal, are introduced to run industrial machines.
- New revolutionary machines have been introduced, such as the power loom and the spinning jenny, that help increase product production with the least manual labor.
- The factory system has been introduced within business organizations. This entails the labour division and provides special functions.
- The latest communication and transportation systems have been developed, including automobiles and telegraphs. Aeroplan, locomotive, and radio.
- The increasing automatic applications and scientific methodologies remarkably increase the manufacturing process.
- The technological changes provide mass production by utilizing natural resources and improving manufacturing goods.
In the non-industrial sphere, the new methodologies have been developed, which include the following things:
- Agricultural improvement and the latest technology have proven the best methodologies to provide food.
- Economic changes and improved health sectors have declined land sources and increased industrial trading.
- The political changes and industrial advancement have shifted the economical power, correspondingly increasing the economic power and industrialized society.
- The gradual social changes include the growth of the rural and industrial sectors and the development of the working-class movements. The emergence of new industries and working patterns have set up a new platform for industries.
- Workers develop new skills and become familiar with machine operators instead of working with hand tools. Moreover, machine operations have been subjected to the current industrial trend and factory discipline.
- These physiological changes build confidence in the laborers and the use of master resources.
The Impact of the Industrial Revolution on the UK
The industrial revolution has a long-lasting impact on the industrial sector and society. This helps to enhance the living standards with which we all are familiar. However, this can be challenging to find modern aspects of life that are not altered by the industrialization period on production, economy, and people.
Employment opportunities and labour wages have increased in various industrial sectors. The factories have increased, and they began to open various job opportunities, which further help in increasing benefits and income resources.
This also increases the demand for housing structures in the cities. It subsequently increases the planning of overall cities and education systems. Due to increasing facilities and modern equipment, new inventions have contributed to the countries’ GDP.
The Gross Domestic Product per capita after the industrial revolution has grown. The development of the infrastructure and modern machinery helped the modern capitals to grow the economy. The countries that adapted to industrialization started making industries self-sufficient to produce more products.
However, during the industrial revolution, the finance and banking sectors geared up the success rate and ensured maximum profit in the industries. Moreover, the labor safety sectors have been paid special concern.
Concerns About Child Labour And Staff Health
In addition, factory working conditions deteriorated as corporations attempted to reduce costs and increase profitability to keep competitive. There were concerns about child labour and staff health. To guarantee the safety of its citizens and the economy, the government significantly improved labor, environmental, and other rules.
Despite falling technological costs, the total demand for infrastructural development was increasing. Financing came from various organizations, including merchants, aristocracy, and rich families from the outset. General and specialized banks became increasingly widespread as demand grew, and they would give long-term loans to the revolution’s industrialists.
Businesses were able to simplify their operations and produce more items at lower prices thanks to economies of scale. It boosted the number of job openings and the income that comes with them. Workers came to cities searching for work in the industries that were springing up, which compensated more than agriculture at the time.
