During industrialization, a gap between rich and poor led to an exploration of new economic theories.
Industrialization transformed the generation paradigm. Alternatively of artisans delivering craft made merchandise in workshops, factories appeared with strong capitalization in the form of machines and manipulated a large number of workers.
Further Explanation
Industrialization is the method by which a marketplace is reconstructed from essentially rural to one based on the production of goods. Individual manual labor is often substituted by mechanized mass composition, and manufacturers are superseded by equipment lines. Characteristics of industrialization incorporate economic growth, more effective distribution of labor, and the effectiveness of technological innovation to resolve problems as encountered to dependence on circumstances outside human authority.
While representatives in the factories received lower wages for their notably long working shifts, the masters of the factories began to gather remarkable prosperity. This started to produce a considerable passage among the rich and the poor and first, anxiety, and eventually stresses, developed within the two groups.
For instance, hypotheses such as Marxism or socialism were motivated by the situation where the poor become poorer and condemned the owners of the factories for abusing the working class, which were denominated as proletariats.
Learn more:
1. How did explorers from France play an important role in the colonization of the southeastern united states?
2. Why did Europeans ship goods to Africa during triangular trade?
Answer details
Grade; High School
Subject; History
Topic; Industrialization
Keywords
Industrialization, growth, Marxism, economic theories, mass production, efficient, division of labor, technology, innovation, proletariats, working class