Industrialisation is the process of social and economic change whereby a social group is transferred from a manual labor based structure to a more technologically driven society and where the economy gains much more capital via manufacturing industries. Caribbean economies have been labeled as weak and dependent‚ and controlled by stronger foreign states and institutions (The Plantation Economy). Sir Arthur Lewis‚ St. Lucias first Nobel Prize winner‚ has released several publications on the issue
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The rise of industrialization brought many changes to the American economy. Some of these were urbanization‚ due to immigration‚ new technologies‚ the rise of big business and an economic stimulation. In a broad definition‚ industry is any work that is undertaken for economic gain and that promotes employment. It can be applied to farming to manufacturing to tourism. It encompasses production at any scale‚ from the local to national. The modern day conception of what a factory is affects the interpretation
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Assignment 1: “America’s Post-Civil War Growing Pains” Reconstruction and Industrialization 1865-1900 Four years after the first shots were fired at Fort Sumter the Civil War ended with the Union’s Victory over the Confederacy. Though the war was over‚ there were still many problems that needed to be resolved in order to reunite the states as a nation. The time period in which steps were taken to rebuild the nation is known as reconstruction. Reconstruction lasted from 1865 until 1877. The
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The pace of economic change in China has been exceptionally rapid since the start of its economic reform in 1978 under the influence of Deng Xiaoping. Since then its Gross Domestic Product (GDP) has grown at an unprecedented 9.5 percent a year‚ making China’s the longest and most sustained growth experienced by any country within modern history. Such growth has been a result of various aspects‚ including a profound change within China’s economic policies‚ reform of the state-owned sector‚ and rapid
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During the post Civil War period‚ the United States entered a period of rapid industrialization and urbanization. The United States transitioned from being a rural country to becoming an urban country. Citizens moved from the countryside and crowded cities. Cities like New York City‚ Chicago‚ Cleveland‚ Pittsburgh… gained an influx of citizens and immigrants. From this rapid industrialization and urbanization many positive and negative effects arose affecting the sociological‚ economical‚ and political
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Overall‚ Did Industrialization Have a Greater Positive or Negative Effect on Society? Industrialization is the development of industry on an extensive scale. This was very important because it paved the way for the evolution of the modern world. It caused much advancement in transportation‚ trade‚ and manufacturing. Although there are many positive effects of the Industrialization‚ the negative effects on the society during that time period are very severe. It had many effects on the
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Dominique McNamara Period 1 Chapter 18: Revolutions of Industrialization Every kind of society has embraced at least the idea of industrialization since it started in Great Britain in the late eighteenth century. The Industrial Revolution was one of the most significant elements of Europe’s modern transformation. Initial industrialization period was 1750–1900‚ drew on the Scientific Revolution. Utterly transformed European society‚ pushed Europe into a position of global dominance‚ was more
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Impact of Industrialization on Japan from 1750-1914 In the 1750s‚ Japan was ruled by the Tokugawa shogunate‚ which had seized control of the country at the beginning of the 17th century. The shogunate centralized Japan and transformed it from a constantly warring collection of disunified states into a single country at peace. The Tokugawa shogunate ruled Japan from the early 17th century until 1868‚ a period when Japan was well behind the industrialization of other nations. During the Meiji period
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Karl Marx and Industrialization The 1800s arranged the foundation for today ’s world and witnessed the growth of big business‚ government development‚ advancement of new technologies and formation of novel philosophies about social order. Karl Marx‚ a German philosopher and politician made it his life’s work to logically understand capitalism and nurture revolutionary groups during this industrializing period. The idea of capitalism is one where there is private ownership over any product or service
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THE EFFECTS OF INDUSTRIALIZATION 1.- Population and Economic Growth One of the most important changes was the continuous expansion of the population and the economy. Most observers in the eighteenth century did not believe that expansion of the population and the economy could be sustained indefinitely. The population had consistently expanded as the greater agricultural productivity permitted maintaining an adequate food supply. The industrial economy had been able to employ large numbers
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