Industrial Revolution and the Comparison between Capitalism and Communism | My Paper Hub
Industrial Revolution' applies to a phase of...
Industrial Revolution' applies to a phase of massive economic, technological,
social and cultural change which affected individuals to such an extent that
it's often compared to the change from hunter-gathering to farming. The
industrial revolution gave huge economic advantages to the world. However,
inequalities among people emerged, and the gap between the rich and the poor
widened, and also public health issues emerged, these were the most significant
social consequences of the first industrial revolution (Circa 1780 - 1850). At
its simplest, a mainly agrarian world economy based on manual work was
transformed into one of industry and manufacturing by machines. There were many
good things about the Industrial Revolution that made it seem like the Golden
Age, such as wealth. However, there were also negative things going on. Many
people lived in poor conditions and had to work minimum wage for a hard job.
the first industrial revolution, people in most parts of the world almost
entirely depended on agriculture, this however changed as the industrial
revolution meant that wealth was now based on money and success in business.
This meant that simple economic activities like weaving and spinning could no
longer be done at home as wealthy merchants set up huge factories and employed
the masses who left their farming roots to find fortunes in the cities. The
wages for the factory workers were very low, and they became even poorer than
they were before, the middle - class who were managers of factories and
supervisors of businesses also looked down upon the poor factory workers and
made them work for long hours.
of feudalism changes economic relationships was one of the factors leading to
the industrial revolution since feudalism discouraged unified government and
discouraged trade and economic growth. Also, the high population led to the
industrial revolution because of less disease and lower infant mortality
allowed for a larger industrial workforce. Colonial trade networks affected the
industrial revolution since the western countries found a ready market for
their goods and this was projected to bring an economic rise in those countries
that were involved. Culture of hard work, taking risks and developing ideas had
an impact on the industrial revolution since most people had the courage to
take risks, and therefore inventions came up and many more ideas that
contributed to the industrial revolution and consequentially the rapid
urbanization leading to dense, cramped housing and living conditions which
afterward led to the rise of communism.
first industrial revolution was characterized by capitalism which resulted from
the outcome of new methods of agricultural production techniques using
efficient machines which made people migrate to the cities in search of better
livelihood for themselves. Due to the technological developments, there was a
huge development of industrial production due to the fast machines that enabled
mass production, this also brought about the evolution of the transportation
sector. Capitalism brought about huge inequalities among people and quickly
fell out of favor with the masses, Karl Marx and Friedrich Engels developed the
idea of Communism among poor workers in Russia who had experienced harsh
livelihoods through the Tsarist rule. This theory of Communism seemed to
guarantee workers with better livelihood with social, political and economic
equality; the Russian workers greatly embraced the idea and led to the Tsarist
regime being overthrown, and this changed Russia and made the Soviet Union as a
whole a Communist State.
people become too consumed with greed as a result of incorrect perception of
capitalism; or it has deeply squandered its resources or the society as a whole
has wallowed in a pit of wasteful use of resources.
Capitalism, growth depends on individual persons or individual enterprises
effort towards prosperity. Here, the property is privately owned, and the focus
is on the individual and his / her progress in life, it also emphasizes on the
need for freedom to own as much as one can afford. Moreover, when people became
too consumed with greed as a result of incorrect perception of capitalism and
society as a whole wallowed in a pit of wasteful usage of resources that were
present at that time then resources were to be put together for the use of
everyone and this led to the rise of communism and therefore protecting the
poor from the rich in the society.
theory of communism basically emphasizes on the progress of the community as a
whole, and therefore the state owns the land and ensures equal prosperity of
the community as a whole regardless of ones potential to achieve more, it has
the ideology that people need one another.
Doyle, William, (1992), The
Old European Order 1660-1800, Oxford University Press.
Kreis, Steven, (2003), The
Origins Of The Industrial Revolution In England. Lecture 17.
Reed, Lawrence (2001), Child Labour and The British Industrial
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