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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Japan’s industrial revolution started in 1880 and was based on its high agricultural productivity which was high enough to sustain substantial craft production in both rural and urban areas of the country prior to industrialization. The major component of the industrialization of Japan in the 19th century was domestic investment in industry and infrastructure‚ mainly by the private sector‚ which means that the Japanese growth was investment-led‚ not export-led. Furthermore‚ Japan had been closed
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We are ashamed of Industrialization because of lots of unfair treatment and working and housing conditions. Thousands of people became sick and injured during this time period. This happened because of the rich upper-class treating the lower class like dirt and not giving them proper treatment. One of the problems in the Industrialization Era was unfair treatment. This type of treatment happened when the Chinese immigrants came in from Angel Island. These immigrants had to spend many months or years
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factors and causes of this such as railroads‚ new inventions‚ and more work forces and leaders. The American people at this time gained some benefits; nonetheless‚ there were many economic and social problems produced by industrialization and the growth of big businesses. Industrialization in America increased and many big businesses sprouted up due to this. One of the causes was the railroads. The railroads allowed the country to become more open and tied together‚ while also creating a vast internal
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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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Britain started its industrialization period in the eighteenth century‚ while America was just starting to start theirs during the antebellum period. From 1814-1865 manufacturing grew in many ways. “Population grew by a factor of 4‚ outputs of manufacturing grew by a factor of 12‚ and the value of manufactured goods grew by a factor of 8.” These growth factors mainly occurred in the New England area. Agriculture was the main sector until people learned about how manufacturing worked. The use of interchangeable
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The Industrialization of America If you do something that has never been done you will accomplish that have never been done and discover things that have not yet been discovered . The industrialization of America increased the speed of change politically‚ economically‚ and socially. Without the major advancements made at this time‚ our world would be much different today. To begin‚ the growth of industry was spurred by many factors. New technology was a large part of the growth. The technology
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During the 1865-1900 time period‚ Industrialization had many great “leaders.” These leaders achieved the great challenge of booming the growth of industries and the economy of the United States and also fueled the United States to become the leading industrial power in the world. As historians have reviewed the achievements of these leaders‚ people have been questioning how honest the fortunes of these leaders were. They questioned the tactics of Rockefeller‚ Morgan‚ and Carnegie. The main question
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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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Industrial Revolution in Great Britain. “Industrialization refers to a process that transformed agrarian and handicraft-centered economies into economies distinguished by industry and machine manufacture.” (Bentley 492) The Industrial Revolution was one of the most significant eras in human history. It transformed its society from an agricultural economy to one that lead to industry‚ machines‚ and manufacturing. The basic resources for industrialization were iron and textiles‚ along with the development
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