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(Nova-Net) New technology made production much more efficient.

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new technology made production much more efficient -- Novanet

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Q: What are some true statements about the industrial revolution and capitalism?
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What is the relationship between capitalism and the Industrial Revolution?

While some believe that they were born together that is not necessarily true. Capitalism came centuries before the industrial revolution however it only came about in small regions such as the UK and the US. It wasn't until the Industrial Revolution that capitalism made it's moves to becoming global (which some countries rejected quickly such as the USSR) and having the markettrulybecome thefundamental aspects of most societies. So the relationship ultimately in myopinion(i sayopinionbecause some would beg to differ) is that capitalism came first in the 15th century then the industrial revolution came in the 19th century and was pretty much capitalism'ssteroidsallowing it to rule the land with a significant enough amount of roid rage to terrify every peasant in it's path but yet make every capitalist gleeful with it's strength.


What are factors for transition from feudalism to capitalism?

Some would say the Industrial Revolution came between the two and formed the transition. Another view is that mercantilism, which arose during the later half of the Middle Ages, and is exemplified by the activities of the Hanseatic League, and the banking system that arose after the disbanding of the Knights Templar, gave rise to a system sufficiently like capitalism to go by that name.


Describe the evolution of business and include feudalism mercantilism capitalism commerce property rights the Industrial Revolution?

The evolution of business began with feudalism in the day of kings, lords, knights and vassals. Traveling merchants observed that some products were in abundance in some locations and scarce in others. So, they purchased these products and transported them to the areas where the products were scarce and sold them for profit. Capitalism came in and this is the point where i say, read your study chapter and do your own homework.


What are some quotes about capitalism?

"The most eloquent eulogy of capitalism was made by its greatest enemy. Marx is only anti-capitalist in so far as capitalism is out of date." -Albert Camus"Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid-twentieth century." -Noam Chomsky"The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries." -Winston Churchill


Why are there so few traditional economies in the world today?

Traditional economies lead to less economic prosperity than capitalist and planned economies because of the efficiency of industrial production. As a result, people are voting with their feet and wallets to leave traditional economies and embrace capitalism or some other form of industrial economy.

Related questions

What were some reforms during the Industrial Revolution?

Three of the most important social reforms that followed the industrial revolution were the abolition of slavery, women's rights , and capitalism.


What are some pros to Industrial Revolution?

One progressive benefit to industrial revolution is the development of a working class which, in time, will supersede capitalism and produce goods and services for people according to their needs, and without a profit motive.


What is the relationship between capitalism and the Industrial Revolution?

While some believe that they were born together that is not necessarily true. Capitalism came centuries before the industrial revolution however it only came about in small regions such as the UK and the US. It wasn't until the Industrial Revolution that capitalism made it's moves to becoming global (which some countries rejected quickly such as the USSR) and having the markettrulybecome thefundamental aspects of most societies. So the relationship ultimately in myopinion(i sayopinionbecause some would beg to differ) is that capitalism came first in the 15th century then the industrial revolution came in the 19th century and was pretty much capitalism'ssteroidsallowing it to rule the land with a significant enough amount of roid rage to terrify every peasant in it's path but yet make every capitalist gleeful with it's strength.


What are some major events and develpopments during the progressive movement?

The major events and developments during the progressive movement were leading intellectuals and social reformers in the US. It brought the industrial revolution and growth of modern capitalism in America.


When was Industrial Revolution held?

The Industrial Revolution was the transition to new manufacturing processes that occurred in the period from about 1760 to some time between 1820 and 1840


What are some companies that were in the Industrial Revolution?

i dont no u tell me


What was education like in the Industrial Revolution?

some pme please answer this


What are some good and bad things of the industrial revolution?

idjk


What were some problems that occurred during the Industrial Revolution?

espionage


What were some of the things people did to improve life in the US in the early 1900s?

The industrial revolution happened. However the US didn't start the industrial revolution, it began in Europe.


What were some natural resources in the Industrial Revolution?

Coal, rubber, cotton,


How do industrial revolution make some people's life worse?

Chupamela