Child labor, thousands of deaths, new inventions, increase in income rate, all attributes of the Industrial Revolution. The I.R affected the world in general in many ways. In fact, it is called a revolution because of how quickly and how much change it brought to the way people live and work. It affected every aspect of their lives from economic to social. Yet, not every citizen was pleased with the Industrial Revolution as others were.
A majority of the population that was involved in the I.R received benefits from it. It increased mass production in necessary resources, earning more money faster, created ways of transportation that expanded trading other than just in the villages, but some people lost their jobs to machines that work automatically. Overall, the I.R brought benefits and comfort to ordinary people, middle class in the beginning of the revolution. As the revolution started to kick off, the spread of power and wealth started to become very uneven.
Capitalists began to receive a dramatic amount of money more then locals and jobs were being fought over. But, as transportation started to kick in, jobs were being expanded and so were trade routes. The Economy Before the Industrial RevolutionTowards the beginning of the Industrial Revolution, around 1700’s, the economy hasn’t changed at all in centuries. Any and all income earned was through farming or carpentry. Money was even scarce item at the time, so wages that were given were very low. Most times, people who work in farms, have an at home family business, growing goods for themselves, or to sell on the street to make small amounts of money.
Other work, including craftsman or blacksmiths, kept their work inside of the village. Because of the lack of long distance communication and transportation, their wok must be sold to locals. Then, the only transportation available was by horse, or horse carriage. Even then, the weight of supplies put onto the carriage was limited, and often craftsman or blacksmith work are made of heavy duty metal such as iron or steel. Working was also much more difficult then. Any and all work done, is done by hand or by simple machinery.
For farming carriers , farmers used the help of horses or oxen to plow fields. So, if they received any money, it was later in the month because production was so slow. This is was kept the economy staying at the same rate for years.The Economy During the Industrial RevolutionThere were many different ages the Industrial Revolution is classified under, all named after the product or machine that affected that time the most.
The first most important age was the Iron Age. Like it states in its name, the iron age is the first real age that forced production speed to increase by ten folds. During the 18th century, the British demanded large amounts of iron from the Americans.. Their machines were meant for making small amounts of iron my smelting iron ore into iron. When the British demanded such a large amount, they were forced into creating a new faster way of making iron.
British forces were threatening Americans yet again, so American sought no choice but to comply to their needs or economy would stoop even lower because of debts they would be forced to pay. So, in 1709, a British ironworker Abraham Darby developed a different way of smelting iron. He discovered using coke is much more cost efficient and much faster. So, using coke satisfied the British’s time constraint.
From then on, the Americans used the new way for their own sakes. This increased production in iron and iron made items, which leads to them being sold much quicker as well. Income highly increased during this time for ironworkers all over.
The next big age was the Age of the Textiles. Textiles were machines that produced high quality cloth and material for clothing, blankets etc, at a very fast pace compared to the old fashioned handworkers. Before the textiles were invented, mostly women and children, separated cotton and other material by hand the knit them together. This tactic worked but was outrageously slow. Of they received any money at all, it was a very small portion.
Once the textiles were invented As inventions began to become more popular, they used their theories from prier inventions to create speedier production for different goods. Once the people found new and faster ways to produce their goods, they knew that only lead to faster money increase. By this time, economic effects on locals became worse and worse. Because of new machines, some people began to lose work because of the machines capability to do work by itself. As each person was fired, there was another person ready to replace them right away.
As the locals income decreased, capitalists and the rich inheritants income increased dramatically the ratio of income from capitalists to locals was a noticeable difference.Yet, as the Industrial Revolution moved on, the locals conditions improved economically when transportation was established. When the textile industry started, the people needed a way to transports goods from one factory to another and from town to town. The first completed form of transportation was the steam engine, perfected by James Watt in 1790. Since the steam engine was created, the engine needed something to travel on, hence the invention of the railroads.
Railroads were highly significant at this time in four main ways. The first being, giving manufactures a cheap way to transport their materials. At this time, the cheaper was the better. Second, the railroad was an instant hit and created literally thousands of new jobs for railroad workers and miners.
More jobs equaled more people living in a higher class and in better conditions. Third, the railroads creates new industries and inventions and increased productivity for others. As an example, for farmers, foods could be transported quicker so they wouldn’t spoil or rot easily which means more business for farmers. Another example is for the craftsman or blacksmiths.
Their heavy duty metal supplies could be carried easily with the engine. They did not have nearly as small of a limit to weight as the horse carriages did, so more business and jobs for craftsman and blacksmiths. And fourth, the engines also transported people, which allowed them to work in other cities around easily. This also added more job opportunities for the people all over.Finally, the last main invention that effected the economy was the canals. Canals were mainly invented for the purpose of transporting heavy goods that weighed tons.
These products were to heavy to be transported on land safely. Thus the invention of the canal, a large man-made river which is deep enough to handle barges, which were the vehicles that carried the products. The canals, like the steam engine, opened large opportunities to the people of the Industrial Revolution. The canal was a huge success and not only did I allow water passage, it was a bridge that created a shortcut from one end of a river to the other. Also, if someone was ton invest into a canal, that person would earn a large sum of money like the Duke of Bridgewater, the original creator of the canal.
He spent twenty-five thousand euros on making the first canal, but made almost three times that money afterwards.The Economy After the Industrial RevolutionWhen the Industrial Revolution was coming to an end, the economy had faced some “rollercoaster” spikes. In the beginning of the I.R, jobs were spread more evenly and the inventions on the new machines just made the working industry easier and offered more jobs. In the middle of the I.R, work became more scarce, or harder to find when the wealth began to take over the industry.
Capitalists controlled factories and forced harsh living conditions while barely paying any of the workers, taking a portion of the money to themselves, stooping the economy low. Then, further into the I.R, transportation became the greatest significance, allowing urbanization to occur in surrounding cities, opening more jobs and overall opportunities. Also, by this time, communism became a popular act, spreading nationwide.
Since the people were infuriated with the working conditions they were put into while being paid under minimum wage, the writer Karl Mark, began to publish articles about the theory of communism. At the time of the I.R, this was the best choice to go with to avoid all problems between the common people and capitalists. All in all, the industrial revolution effected the economy in a more beneficial way, even though it faced it’s difficulties.
1.Connolly, Sean. The Industrial Revolution. 1. Chicago: Reed Elsevier Inc., 1984. 4-56. Print2.(n.d.). Retrieved from http://www.history.com/topics/industrial-revolution 3.(n.d.). Retrieved from http://www.buzzle.com/articles/inventions-of-the-industrial-revolution.html 4.(n.d.). Retrieved from http://www.historyhaven.com/APWH/unit 4/THE INDUSTRIAL REVOLUTION.htm 5.n.d.). Retrieved from http://www.historylearningsite.co.uk/canals_1750_to_1900.htm