Political Economy of International Relations

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Industrial Revolution

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Political Economy of International Relations

Definition

The Industrial Revolution was a transformative period that began in the late 18th century, characterized by the shift from agrarian economies to industrialized and urbanized societies. This era marked a profound change in manufacturing processes, technology, and socio-economic structures, leading to the emergence of factories and mass production, which significantly altered the global economic landscape.

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5 Must Know Facts For Your Next Test

  1. The Industrial Revolution began in Great Britain in the late 18th century and spread to other parts of Europe and North America by the early 19th century.
  2. Key innovations included the steam engine, spinning jenny, and power loom, which revolutionized production methods and increased efficiency.
  3. The rise of factories transformed labor practices, leading to a shift from skilled artisan work to wage labor in often harsh working conditions.
  4. The Industrial Revolution contributed to significant social changes, including class restructuring, as a new industrial working class emerged alongside a wealthy capitalist class.
  5. It had far-reaching global effects, including increased trade, the establishment of colonial economies, and environmental changes due to industrial activities.

Review Questions

  • How did the Industrial Revolution change labor practices and workforce dynamics during its emergence?
    • The Industrial Revolution transformed labor practices by shifting from skilled artisan work to wage labor in factories. This change meant that many workers performed specific tasks rather than creating entire products themselves. The new factory system often imposed long hours in challenging conditions, emphasizing productivity over worker well-being. Consequently, this shift led to the rise of a distinct working class with shared experiences and interests, ultimately fueling movements for labor rights and reforms.
  • Analyze the impact of technological advancements during the Industrial Revolution on both production methods and societal structures.
    • Technological advancements such as the steam engine and mechanized looms drastically changed production methods by enabling mass production and reducing reliance on manual labor. These innovations not only increased efficiency but also led to the establishment of factory systems where labor was centralized. As factories proliferated, they fostered urbanization as workers moved to cities for employment. This shift transformed societal structures by creating a clear division between industrial capitalists who owned production means and workers who sold their labor.
  • Evaluate how the Industrial Revolution set the stage for modern economic systems and its lasting effects on global trade patterns.
    • The Industrial Revolution laid the foundation for modern economic systems by promoting capitalism and global trade networks. It encouraged private ownership of production means and a focus on profit maximization, leading to rapid economic growth. Additionally, it established colonial economies that supplied raw materials for industrialized nations while creating markets for finished goods. These changes resulted in interconnected global trade patterns that persist today, influencing economic relationships between developed and developing nations.

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