The Market Revolution, Industrialization, and New Technologies

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What are the four factors of industrialization?

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There are several factors that led to industrialization. One factor is the availability of natural resources. Natural resources are needed to help make the products produced in the factories. A second factor is having a stable political environment. With a stable political environment, business owners can be more confident that they can invest in the economy and know that investments will be secure. A stable political environment tends to lead to stable markets that help businesses and the economy grow.

There are other factors that also lead to industrialization. One of those factors is a growing population. Workers are needed to work in the factories. As businesses expand, more workers are needed. The growing population also provided an opportunity for businesses to sell their products to more people. Finally, new inventions and improved transportation helped bring about industrialization. New inventions made it easier to make products. Also, there needed to be a good transportation system to be able to get the products to the consumers. Roads, canals, railroads, and ships are various ways to transport products. New inventions in transportation, such as the steam engine, helped make it easier to get products from the factories to the people.

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Here are the four factors that gave rise to industrialization:

  1. Political stability: Countries that industrialized did so in a political environment in which the government provided stability and law. Economic instability and changing laws would have made it more difficult for capitalists to start businesses.
  2. Available work forces: Industrialization required large numbers of available workers who no longer lived in rural areas. These workers had left agricultural jobs to come to urban areas in search of employment in factories. In the United States, an increased work force was provided through immigration. 
  3. Natural resources: Industrialization required countries to possess natural resources such as steel or coal or to have access to these resources through their colonies.
  4. Expanding economy: The process of industrialization required the availability of ready capital to start new businesses. In addition, capital helped fund the development and construction of new technologies, such as railroads and factory machines, that sped up the process of industrialization. 
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There are a number of factors that lead to industrialism.  First, technologies for production are necessary.  These technologies can take the form of any mechanized machines from steam powered engines to robotics.  A second important factor for industrialization is a large population from which to draw labor and to sell finished goods.  The third factor for industrialization is the availability of natural resources that can be utilized to make finished goods.  The fourth factor of industrialization is a means for transportation to get the goods to consumers.  This can take the form of highways, but waterways like rivers and seas are more useful.  Another factor for industrialization is the presence of a stable political situation, especially one that supports the idea of manufacturing and the free market.  

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