The Industrial Revolution

docx

School

Liberty University *

*We aren’t endorsed by this school

Course

201

Subject

Economics

Date

Feb 20, 2024

Type

docx

Pages

3

Uploaded by ColonelTiger1658

Report
The Industrial Revolution The industrial revolution was an economic manufacturing advance that altered the world as we know it. Improvements in technology, and production strategies ultimately changed the way that the world is today. The industrial revolution shifted society from an agricultural market to an industrial one. The invention of the steam engine and assembly line really boosted how trade, transportation and expansion was proceeded. This new technological discovery allowed for more wealthy countries such as America to use it in ways of mass production (Weisdorf, 2020). Looking at the article Endogenous Infrastructure Development and Spatial Takeoff in the First Industrial Revolution I noticed that growth in all aspects of the revolution were driven from within. Whether that be from creating new railways, or new communication systems that support industrial facilities. The article shows that these new advancements came with urbanization, change in social structure, and even changes in labor patterns, however it also had negative effects such as some of the worst working environments and inequalities between social classes. It also goes into detail on how the spatial takeoff was more immanent in some areas such as Birmingham, Leeds, Pittsburgh and even Belgium. These cities were known for their advanced transportation infrastructure, which in turn allowed for goods and materials to be moved with ease to and frow. Resource availability, technological innovation, and favorable economic conditions promoted the spatial concentration of industrial activity in these regions (Trew, pg 56-62, 2020).
Overall, the Industrial Revolution was a time of growth that shifted the world from an agricultural society to a more technological one. It allowed for transportation, mass production and globalization to thrive.
Bibliography Trew, A. (2020). Endogenous Infrastructure Development and Spatial Takeoff in the First Industrial Revolution.  American Economic Journal: Macroeconomics ,  12 (2), 44–93. https://www.jstor.org/stable/26921896 Weisdorf, J. (2020). Human Capital Formation During the First Industrial Revolution: Evidence from the use of Steam Engines.  Journal of the European Economic Association. ,  18 (2), 829–889. https://doi.org/10.1093/jeea/jvz006   Ciatti, S. A. (2015). Compression Ignition Engines – Revolutionary Technology That has Civilized Frontiers all Over the Globe from the Industrial Revolution into the Twenty- First Century.  Frontiers in Mechanical Engineering. ,  1 . https://doi.org/10.3389/fmech.2015.00005
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help

Related Documents

Chapter 4 .docx
HW_Assignment4.pdf
Lab_03.pdf
b2ba82c7-bf11-40e3-9992-f5059b40b5ec.pdf
ProblemSet1.pdf
a5.xlsx
chapter 13 assignment C.docx
SA4_Econ140_Solution.pdf
SA3_Solution_Econ140.pdf
final_summer2021_AK.pdf
Econ Last Final Study Guide.docx
Screen Shot 2022-12-04 at 17.39.13.png
Recommended textbooks for you
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Text book image
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
SEE MORE TEXTBOOKS
Recommended textbooks for you
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Text book image
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
SEE MORE TEXTBOOKS