connections between capitalism and Industrial RevolutionDiscuss how you would best answer these directions: While considering some of the technological advancements in production, transportation,...

connections between capitalism and Industrial Revolution

Discuss how you would best answer these directions: While considering some of the technological advancements in production, transportation, communication, etc., use explicit connections between capitalism and the Industrial Revolution to discuss the relationship between the Industrial Revolution and the development of capitalism.

This is linked to capitalism as large scale profits being acquired by selling good for more than you purchased them for, capital into a few hands of capitalists, productive wage labor, rational calculation, economic freedom -individualist purchasing goods they want, goal is to produce wealth, production and distribution are indepentant of politcs, religion, etc., and relies on the creation of a consumer culture. 

There is so much information, I am unsure what direction to take on this!

 

Asked on by kerrierg

4 Answers | Add Yours

brettd's profile pic

brettd | High School Teacher | (Level 2) Educator Emeritus

Posted on

Let's say these two things were mutually accelerating.  Capitalism afforded the economic opportunity for business ventures to maximize profit, and was attractive to a large migrant force of cheap labor and future farmers and entrepreneurs.  The Industrial Revolution then brought a massive infusion of capital and investment that led to a rising spiral of economic development (as well as, eventually, standard of living). further validating the capitalist economic system.

litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

The main focus should be that the Industrial Revolution was made possible by capitalism, and in turn made capitalism more successful. People made money by inventing new things. People made more money by finding ways to mass-produce those things and sell them to as many people as possible for as much money as possible.
kapokkid's profile pic

kapokkid | High School Teacher | (Level 1) Educator Emeritus

Posted on

If I were looking at some of those questions, I would probably focus on the way that capitalists used the industrial revolution and the technology that made it possible to destroy the idea of skilled tradesmen and their industry.  By making things far more quickly and cheaply, these skills and the crafts they created were automated in some sense and so they wer far too expensive and were quickly phased out.  This would address a whole range of issues among them technological, economic, social and moral.

accessteacher's profile pic

accessteacher | High School Teacher | (Level 3) Distinguished Educator

Posted on

You have included a lot of information in your post. I think you have highlighted a number of the major factors that link the Industrial Revolution to capitalism in your second paragraph. The Industrial Revolution definitely resulted in a much more inequitable system that concentrated wealth into the hands of the few rather than the many. You might wish to divide up your second paragraph and take each point in turn, exploring how that issue contributed to the rise of capitalism, rather than trying to do it all at once. Breaking them down might help you structure your response. Good luck!

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