Industrial Revolution Essay - St Leonard's College
So far, Smith spoke about the birth of a new category of market participants: the managers. The sales-managers of the Industrial Revolution age tried to gain profit under the conditions of overstocked market by lowering the cost of labor. To put it in a nut-shell, after reading Adam Smith, the Industrial Revolution processes could be viewed from a new perspective. It seems that the industrialization process dealt not only with new mechanisms and technologies, but also with human resources.
Analyze The Causes Of The Industrial Revolution History Essay
Industrial Revolution Essay
The period between 1865 and 1900 is known as the Industrial
Revolution. During that time the U.S. changed from an un-unified,
agricultural society into a developed, industrialized society. Industrialization
changed all aspects of the country. The revolution did have negative effects
on society,such as poor work conditions and child labor. While the Industrial
Revolution did create many long lasting labor problems, it did advance
America economicallyand, therefore left the U.S. better off in 1900 than it was
In 1865, the U.S. was an agricultural society, where 90 percent of the
population had to farm to survive. This was changed by the end of the
revolution, a very low percentage of the population could feed the rest. This
along with a large number immigrants coming over from Europe, led to the
fact that the U.S. had a large work force to stay in cities and work at factory
jobs. With this and a number of willing businessmen to lead the revolution,
all the factors were in place.
The Revolution brought to America a new economy and left it as one of
the biggest manufacturers in the world. The American economy was pretty
much the same throughout the 90 years before 1865. Industrialization brought
great change to the American economic system. Big businesses like the
Standard Oil Company and Carnegie Steel replaced the old small, local
businesses. While these big businesses did use dirty and illegal tactics, they
created a large number of jobs and were able to keep prices low. In addition to
big business, the idea of capitalism was introduced to american society,
in which anyone who works hard can succeed. This idea became the basis to
the "American Dream ". People felt that if they worked hard they could climb
the social ladder.
Along with the new economic system and other improvements, the
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