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What are the 7 most important factors of industrialization?

What are the 7 most important factors of industrialization?

Terms in this set (7)

  • Natural resources. Become goods, Raw materials.
  • Capital. needed to pay for the production of goods, Stable currency.
  • Labor supply. Used to make goods, High birth rate.
  • Technology. Better ways to make more and better goods, Electricity = more production power.
  • Consumers.
  • Transportation.
  • Government support.

How was industrialization and economic turning point?

The Industrial Revolution marks a turning point in how we viewed energy, consumption, and our environment. The Industrial Revolution saw increased farm production and efficiency, allowing more people to abandon subsistence farming for livelihoods in industrial centers.

How did the Industrial Revolution change European society quizlet?

Europe experienced a shift from the more labor- intensive economy to a more capital- intensive economy based on manufacturing by machine, specialized labor, and industrial factories. Development of large factories led to mass movements of people to move to urban areas.

Why was Britain unable to keep industrial secrets away from other nations?

Britain was unable to keep industrial secrets away from other nations because of illegal smugglers. Although Britain forbid engineers, mechanics, and toolmakers to leave the country many ended up finding a way to leave the country even though they weren’t supposed to.

What was the most significant cause of the Industrial Revolution?

Historians have identified several causes for the Industrial Revolution, including: the emergence of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution. Historians refer to the form of capitalism common during the Industrial Revolution as laissez-faire capitalism.

Why did the Industrial Revolution cause urbanization?

Industrialization has historically led to urbanization by creating economic growth and job opportunities that draw people to cities. Urbanization typically begins when a factory or multiple factories are established within a region, thus creating a high demand for factory labor.

What were the main problems faced by the unions during 1800s?

Basic Answer: In the late 1800s, workers organized unions to solve their problems. Their problems were low wages and unsafe working conditions.

How does industrialization affect the economy of a country?

Industrialization changes the pattern of foreign trade in the country. It increases the export of manufactured goods, which are more profitable in foreign exchange. But at the same time, processing the raw material at home curtails the import of goods, thereby helping to conserve foreign exchange.

What did factory owners do to prevent unions from forming?

What did factory owners do to prevent unions from forming? They paid off union leaders so they would stay away. They only hired workers who promised they would not join a union. They used force to end union activities.

Is industrialization good or bad for a developing country?

Industrialization has been instrumental in the economic development of the world. The process has improved productivity and allowed for mass production, which has increased standards of living.

What is the importance of Industrialisation?

Industrialization generates employment opportunities, provides educational opportunities, encourages advancement and innovation, and better utilizes resources. All of these benefits and more make industrial development extremely valuable to a population and the local economy.

How did the Industrial Revolution change European society?

It increased material wealth, extended life, and was a powerful force for social change. It undermined the centuries-old class structure in Europe and reorganized the economic and philosophical worldview of the West. The class that labored to produce the agricultural wealth was the peasantry.

What are the factors that affect industrialization?

Factors Influencing Industrial Productivity (Six Factors)

  • (i) Technological Development:
  • (ii) Quality of Human Resources:
  • (iii) Availability of Finance:
  • (iv) Managerial Talent:
  • (v) Government Policy:
  • (vi) Natural Factors:

How did the Industrial Revolution lead to the need of reform?

Answer Expert Verified. how the revolution lead to the need for reform is that because the industrials ( cars, clothing, farming, mechines) many people were put into had working conditions, long work hours, child labor, and low wages. People sarted making reforms to be we to control business poor practices.

What changes take place in the industrial revolution in the 18th and 19th century?

The technological changes included the following: (1) the use of new basic materials, chiefly iron and steel, (2) the use of new energy sources, including both fuels and motive power, such as coal, the steam engine, electricity, petroleum, and the internal-combustion engine, (3) the invention of new machines, such as …

What two factors made industrialization possible?

Factors Supporting Industrialization

  • Western Mining.
  • Immigration.
  • Government subsidies and tax breaks to railroads.
  • Laissez faire attitude of the government.
  • New sources of power.
  • High Tariffs.
  • Horizontal and Vertical integration.
  • National Markets.