Industrial Revolution

The Industrial Revolution is a system of sociopolitical and economic changes based on the transition from manual labor to machine one. It was prepared by scientific and technical progress in the 17th-18th centuries. On this basis, the transition was made from the manufactory to the factory – the machine industry. The Industrial Revolution began with the invention and introduction of the working machines and ended with the development of machine production. Manufactory form of capitalist production established the historical background of machine industry. The capital accumulation provided the development of capitalistic relations. On one hand, it was the creation population layer of people who were deprived of means of subsistence. They only could offer the labor power as a commodity. On the other hand, it was the accumulation of great financial resources that the emerging capitalist class used to purchase the labor and production means. Bankers and owners of factories became capitalists who formed a new ruling class pushing the old landowning nobility.
The growth of capitalist production entailed a fast expansion of both foreign and domestic markets, but the desire of the bourgeoisie to accelerate the accumulation of capital was hampered by the limited capacity based on craft technique of manufacturing.
Industrial Revolution is the historical phenomenon. It characterizes a certain stage in capitalism development. Initially, under the Industrial Revolution a series of technical inventions in 1780-1850 was understood that changed the conditions of production in many industries. In 1884, English scientist Arnold Toynbee introduced the term “Industrial Revolution.” That meant a qualitative leap in the development of the productive forces.
It began in the industrial production area and was applied to all areas of labor and production. It caused the growth of cities and influenced all aspects of society and life. The result of this process was the emergence of the modern industrial civilization.

Danielle Watson is a talented writer at professional letter writing service