(Nova-Net) New technology made production much more efficient.
new technology made production much more efficient -- Novanet
new technology made production much more efficient
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.
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.
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.
"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 Marx is only anti-capitalist in so far as capitalism is out of date."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
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.
Three of the most important social reforms that followed the industrial revolution were the abolition of slavery, women's rights , and capitalism.
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.
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.
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.
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
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The industrial revolution happened. However the US didn't start the industrial revolution, it began in Europe.
Coal, rubber, cotton,
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