Marketing, legislative and technological intricacies of the Industrial Age were implicitly analyzed by Smith in regard to people and management. In the opening sections of the overview, Smith seemed to agree with Aristotle who considered people to behave as social animals. He referred to the producers of goods as individuals who were eager to negotiate about prices and stock regulation. The principle of "good will" negotiation could be applied to the Pre-Industrialization Era when every skilled laborer had time to perform the whole productive cycle on his own.
Such universal professional worked for high salary and dictated prices for the high quality goods which were never produced in excess. The example of the pin-maker teaches us that the division of labor, as described by Smith, was the consequence of the Industrial Age. The logical chain is evident. The introduction of new mechanisms and technologies simplified and shortened the production of goods.
The increase in quantities of goods on the national market was responded by the damping of prices below the natural cost. Additional speed of producing goods was achieved by the splitting of labor into several fast-to-conduct operations.
It gave them more disposable income and enabled them to facilitate the growth of a larger consumer goods market. The lower classes were able to spend. For the first time in history, the masses had a sustained growth in living standards. Social historians noted the change in where people lived. Industrialists wanted more workers and the new technology largely confined itself to large factories in the cities.
Thousands of people who lived in the countryside migrated to the cities permanently. It led to the growth of cities across the world, including London, Manchester, and Boston.
The permanent shift from rural living to city living has endured to the present day. The rate of trade increased and made nations like Great Britain and the United States richer than ever before. Naturally, this translated to military power and the ability to sustain worldwide trade networks and colonies. On the other hand, the Industrial Revolution and migration led to the mass exploitation of workers and slums. To counter this, workers formed trade unions. They fought back against employers to win rights for themselves and their families.
The formation of trade unions and the collective unity of workers across industries are still existent today. It was the first time workers could make demands of their employers. It enfranchised them and gave them rights to upset the status quo and force employers to view their workers as human beings like them.
Overall, the Industrial Revolution was one of the single biggest events in human history. It launched the modern age and drove industrial technology forward at a faster rate than ever before. Even contemporary economics experts failed to predict the extent of the revolution and its effects on world history. It shows why the Industrial Revolution played such a vital role in the building of the United States of today.
Dec 31, · Good thesis for essay on the industrial revolution? The industrial revolution was a turning point in history as it paved the way for many advancements, however such improvements caused many negative aspects to occur and it was not until such grievances arose that serious change goodfilemq.cf: Resolved.
The Industrial Revolution and Great Britain - Since the advent of man, the human race has gone through many changes throughout history. One of the greatest and most crucial changes was the Industrial Revolution of Great Britain.
The Industrial Revolution was a time of great age throughout the world. It represented major change from to the period The movement originated in Great Britain and affected everything from industrial manufacturing processes to the daily life of the average citizen. The Industrial Revolution was a major change in the nature of production in which machines replaced tools and steam and other energy sources replaced human or animal power. The Industrial Revolution began in England in the middle s.5/5(19).
- The industrial revolution began in England during the late ’s and early ’s. There were several factors that played a role in why the industrial revolution began in England. One of the most important factors that played a role was the rich land. The Industrial Revolution is easily one of the single most significant events in human history. As a mechanism of social change, the Revolution spurred massive economic growth, urbanization, changed gender roles, broke apart traditional family structures, and paved the way for the development of the modern nation-state and global economy/5(11).