Essay on Capitalism And The Industrial Revolution

Essay on Capitalism And The Industrial Revolution

Length: 1065 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Learning about our past developments of economic, political and cultural background contributes to our understanding of how the world works today because history becomes a part of who we are and what we do. At the root, world history is connected events and memories that are bonded through globalization. Globalization is the process in which the world is connected through shared networks such as trade, rivalry, or even practiced culture. These shared networks established in the earlier days created a purpose to our traditions or habits. Learning about capitalism, I have understood that capitalism contributed to the world becoming globalized within our economic system.
First, Capitalism is an enterprise system that effects the principle of people’s rights. Capitalism is one of the biggest factors that contributed to the world becoming more globalized and it affects us now as much as it did in the earlier era. Capitalism played a role in mostly the world’s economic system as in the flow of money, trade, profit, wages, class, etc. Capitalism was clearly shown in the industrial revolution. During this time handmade items and man power slowly became extinct because they were replaced by machines and factories: “the hold of tradition, family, rulers and the church on economic life diminished, and the values of the market- risk taking and innovation, individualism and competition, accumulation of material goods, and an acute awareness of the clock time – became ever more prominent” (The Human Journey 285) .This allowed for a massive production of goods to be made altering the number of supply and demand to grow .Businesses relied only on these factories and machines to make the profits so, they put almost all of their money made into on...


... middle of paper ...


... multiple factors of the globe such as economic, social structure, relationship between regions, and much more. We can learn from the mistakes that caused the Great Depression and now create a working effective stock market today.
In conclusion, having an understanding of capitalism I can see the globalization in my world through the economic system. Having the ability to control money is powerful. Having power you can do virtually anything. That is why capitalism was the driving motive to a lot of factors happening within the economic system and still continues today. Before History 102 I only had a sense of how capitalism affected the U.S during that time frame. But now I see capitalism from a bird’s eye view and understand the connections made within globalization. I have become educated not only in the world from the past but mainly in the world I now live in.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Industrial Revolution : The First Revolution Essay examples

- The Industrial Revolutions The first industrial revolution lasted from approximately 1760 until 1830, while the second industrial revolution would occur from roughly 1830 until the early 1900’s. The first industrial revolution would permanently change human society forever. Power, transportation and production were key aspects that contributed the first revolution. The second revolution will see a increase in business size and business organization. It was prior to the first industrial revolution that traditional manufacturing was operating on a small skilled and custom scale....   [tags: Industrial Revolution, Capitalism, Cotton]

Better Essays
1394 words (4 pages)

Essay on Capitalism and the Industrial Revolution

- The Industrial Revolution of the eighteenth and nineteenth centuries was arguably the most important turning point in history. It transformed the manufacture of goods from craftsmanship to commercialism, exponentially increasing output and decreasing production cost leading to prosperity and an unprecedented supply of goods for the markets of the world. Industrialization and mass production was the fuel which ignited the flame of capitalism which was already established creating bringing sweeping changes in wealth and its distribution....   [tags: World History ]

Better Essays
1770 words (5.1 pages)

Essay about History Of Capitalism, Biernacki, Richard, And Ellen Meiksins Wood

- History of Capitalism Biernacki, Richard, and Ellen Meiksins Wood. “The Origin of Capitalism.” Contemporary Sociology 2000 : 638. Print. Richard Biernacki and Ellen M. Wood starts by admitting that capitalism lacks stating the actual date when capitalism began is quite hard. They are of the opinion that capitalism has always been present throughout human history. The authors note that in the history of capitalism, politics, wrong religion, autocratic leadership and powers of lordship have been the greatest impediments in the fast growth and clear manifestations of capitalism in the past....   [tags: Capitalism, Karl Marx, Industrial Revolution]

Better Essays
889 words (2.5 pages)

The Extreme Capitalist Values Of Industrial America Essay

- During the New Industrial Age in America, many aspects of American life were in flux. People were moving from rural areas to large population centres and factories were booming. This was also when America started to become an extremely capitalist country, with values to match. The economy was set up in a way that lower class Americans struggled to make a living, and as such child labour came into play. Children would work in factories that had conditions barely suitable for adults, let alone still developing children....   [tags: Industrial Revolution, Working class, Capitalism]

Better Essays
1438 words (4.1 pages)

Globalization : A Long Term Uneven Process Essay examples

- According to Manfred Steger globalization is a long-term uneven process that intensifies social relations and consciousness across world time and world space. In his book, Globalization: A Very Short Introduction he discusses that globalization is not a set of social processes that only occurred in the contemporary period, when the term was coined, but rather it is part of a much older process of development and expansion that he categorizes it into five time periods: the prehistoric, pre-modern, the early modern, the modern and contemporary periods....   [tags: Sociology, Capitalism, Industrial Revolution]

Better Essays
1041 words (3 pages)

Notes From Smith 's Wealth Of Nations And Marx 's Capital Essay

- The Industrial Revolution is one of the most influential periods in history that continues to shape our lives today. Originating in England in the 18th century, this period is characterized by rapid industrialization, a dramatic shift from the production of agricultural goods to manufactured goods, and an explosion of urban centres. Its impacts are great and can still be felt today: from the proliferation of wage labor and consumer culture to the establishment and maintenance of Western global dominance....   [tags: Industrial Revolution, Capitalism, Socialism]

Better Essays
1543 words (4.4 pages)

The State of Our World Depicted in the Book, Natural Capitalism: Creating the Next Industrial Revolution

- The State of Our World Depicted in the Book, Natural Capitalism: Creating the Next Industrial Revolution Each word in the title of the book Natural Capitalism: Creating the Next Industrial Revolution carries powerful undertones. For example “industrial revolution” carries a negative connotation for me; I picture smoke stacks pouring out pollution and darkening the cities and six year old children working fourteen hours a day in factories for little pay. I simultaneously recognize the remarkable amount of inventions and technologies that were developed during and following the Industrial Revolution and its vast impact on the world and on the United States, which places great val...   [tags: Environment]

Better Essays
760 words (2.2 pages)

Karl Marx And The Industrial Revolution Essay example

- Karl Marx was a philosopher, a sociologist, economist, and a journalist. His work in economics laid a foundation for the modern understanding of distribution of labor, and its relation to wealth generation. His theories about the society, economic structure and politics, which is known as Marxism led to him developing social classes. He later on showed how social classes were determined by an individual’s position in relation to the production process, and how they determine his or her political views....   [tags: Marxism, Capitalism, Karl Marx, Sociology]

Better Essays
1200 words (3.4 pages)

Capitalism and How it is Viewed Essay

- Capitalism and How it is Viewed Capitalism, by definition is known as “a way of organizing an economy so hat the things that are used to make and transport products are owned by individual people and companies rather than by the government”(Marxism). To some, this is the correct way of handling the economic situation in one’s country. But to others, such as Karl Marx and Adam Smith, there are other systems that would be more adequate. Is capitalism really the best way to go. What are the other options that could be better than capitalism....   [tags: Industrial Revolution, Proletariats, Bourgeoisie]

Better Essays
1509 words (4.3 pages)

The Industrial Revolution During The Nineteenth Century Essay

- The Industrial Revolution during the late eighteenth and nineteenth centuries was a period in time when Europe, especially England, began to go through mechanization—the transition from using hand tools, to energy powered machinery. Through the advancement of technology, development of power, and an increase in mechanization, the production of society also increased. The invention of the cotton gin sped up the process of separating seeds from cotton, and as a result, made slavery much more profitable....   [tags: Capitalism, Karl Marx, Marxism, Socialism]

Better Essays
1729 words (4.9 pages)