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This is an interesting question in that the terms industrialization and capitalism are in reverse order. Here is the explanation.
It was capitalism that fueled industrilization, not the reverse.
During the industrial revolution that occurred in Europe and the USA, the governments' "hands off " policies on the economy led directly to investments in producing capital goods and services.
One note on this however, as it is a vital one in the economic growth in the USA. Capitalism is an economic system whereby private investment and industries are not closely regulated or "owned" by the government.
In the USA, most of the land west of the Mississippi River was owned by the Federal Government. With that in mind we come upon one of the most profitable &powerful busnesses in the USA in the 19th Century.
The railways were the "children" of the Federal Government. The rights of way, land leases or giveaway sales to the railways by the government were socialistic in nature.
The Indstrial Revolution fueled the growth of capitalism with increased work productivity and a boost to the economy.
Wiki User
∙ 10y ago
Wiki User
∙ 7y agoThe capitalism that had its roots in the late 18th century enabled private investors to build manufacturing plants and use the profits to reinvest in new and budding industries. Funds fueled the development of more industry and inventions. The early days of capitalism were unchecked by government regulations and wages paid to workers was low. The downside of this system was poverty, child labor, and unhealthy working conditions. The industrial revolution began in England and it was the English government that began to pass laws to help reduce the abuses in the factories and mills.
Jimin
By encouraging entrepreneurs to establish businesses
Wiki User
∙ 9y agoIndustrialism is like a natural extension of capitalism. Capitalist discovered that mass manufacturing was the best way to exponentially increase wealth.
Wiki User
∙ 6y agoCapitalism encouraged entrepreneurs to establish businesses.
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How is industrialization and globalization related?
globlization and mcDonalization are system of capitalism
What are some examples of crisis of capitalism according to marx?
---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one ---- = crisis of capitalism = (19th century- ) Prediction in Marxism of the collapse of capitalism. A species of catastrophe theory, envisaging that the inherent contradictions of the capitalist system will lead, through political conflict, to the collapse or overthrow of capitalism. Twentieth century versions of this theory see the crisis of capitalism as being a legitimacy crisis rather than a simple economic or political one
What were the names of the economists who felt that the unfair distribution of resources would lead to the down fall of capitalism?
Communists
Was Karl Marx in favor of capitalism?
capitalism would lead first to socialism then to communism
How did exploration and colonialism lead to the growth of capitalism market economy and mercantilism?
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
How is industrialization and globalization related?
globlization and mcDonalization are system of capitalism
How did industrialization give rise to capitalism and imperialism?
It didn't. Imperialism and capitalism had been around for centuries before industrialisation.
What ingredients were needed to lead to industrialization?
major new inventions was one ingredient needed to lead Britain to the industrialization.
What is astro capitilism?
Astro Capitalism is a state in which all government is lead by corporations. Astro Capitalism is a state in which all government is lead by corporations.
What lead to industrialization?
The urbanization of the United States.
What did Industrialization lead to?
The urbanization of the United States.
Did industrialization lead to more or less regionalism?
Moar.
How did national and industrialization lead to imperialism?
Very carefully
An important consequence of industrialization in the US was?
Urbanization was an important consequence of industrialization in the US. This was mainly due to immigration, new technologies, the rise of big business through industrial trusts, and raise of capitalism.
Why did belgium lead Europe in adopting Industrialization?
William I of the Netherlands adopted a variety of programs to encourage industrialization, while Belgium was a colony.
What is the major source of lead pollution in Indian cities?
Urbanization and industrialization
What did industrialization in the 20th century lead to?
many things became mass production
