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The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.
Both created fundamental changes in the European economy.
Manufacturing
Manufacturing
Rise of American capitalistic economy. Assembly lines- mass production. URBANIZATION.
Both created fundamental changes in the European economy.
Both created fundamental changes in the European economy.
Both created fundamental changes in the European economy.
Industrial Revolution
The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.
Both created fundamental changes in the European economy.
It drastically changed the economy of the north.
The most far-reaching, influential transformation of human culture since the advent of agriculture eight or ten thousand years ago, was the industrial revolution of eighteenth century Europe.The consequences of industrial revolution would change irrevocably human labor, consumption, family structure, social structure, and even the very soul and thoughts of the individual. This revolution involved more than technology; to be sure, there had been industrial "revolutions" throughout European history and non-European history. In Europe, for instance, the twelfth and thirteenth centuries saw an explosion of technological knowledge and a consequent change in production and labor. However, the industrial revolution was more than technology-impressive as this technology was. What drove the industrial revolution were profound social changes, as Europe moved from a primarily agricultural and rural economy to a capitalist and urban economy, from a household, family-based economy to an industry-based economy. This required rethinking social obligations and the structure of the family; the abandonment of the family economy, for instance, was the most dramatic change to the structure of the family that Europe had ever undergone-and we're still struggling with these changes.
Revolution means "change".So, an industrial revolution would mean changes in the industry. Changes that greatly changed the economic wealth of Britain. Britain changed from an agricultural economy to an industrial economy, which refers to factories. It can also be seen as the beginning of factories. At this time trade unions were also formed to protect workers against the employers. The industrial revolution was a time of great unfairness ,but the world needed it in order to be what we are today,Economically. Just like the technological revolution we are experiencing today.
It had an agrarian economy.
The industrial revolution
The Industrial Revolution.