The Industrial Revolution
took place between the 18th and 19th centuries during which the agrarian and
rural areas of Europe transformed into industrial and urban regions. Iron
industries, textile industries and the development of the steam engine played a
significant role in the Industrial Revolution. These innovations contributed to
the development of transportation, communication and banking. The Industrial
Revolution had its own pros and cons: for some, it meant increased manufacture
of goods and better standard of living whereas for others, it meant
unemployment especially for the rural poor and the working class.
It is essential to know
that it was from Britain that the Industrial Revolution originated. Britain had
great deposits of iron ore and coal, it was a stable society in terms of
politics and being a colonial power, it had many opportunities to extract raw
materials from its colonies. Britain’s colonies also acted as potential
marketplaces for the manufactured goods. Increase in the demand for British
goods lead to the development cost-effective methods of production which
included the factory system and process of mechanisation.
The Industrial Revolution
spread across various countries in the world namely Belgium, France, United
States and Germany. The U.S was the leading industrial nation-state during the
early 20th century. The ideology of 'Laissez Faire' based on Adam Smith’s
“Wealth of the Nations” was formulated by industrialists and was later worked
on by David Ricardo and Robert Malthus. Watch the video below to learn more
interesting facts about the Industrial Revolution.
In the video below, Dr.
Roman Saini deals with one of the important events in World History: The
Industrial Revolution. Dr. Roman gives
an introduction and explains the reasons
while discussing the salient features of the Industrial Revolution:
England was the epicentre, Scientific development, Commericialisation of
agriculture, Development of infrastructure. Various industries which were
developed have also been discussed. There is also an evaluation of the
Industrial Revolution and focus on key points such as neo-capitalism, boost to
nationalism, social development, luddite development. The role of Industrial
Revolution has also been explored as the foundation of the modern world in the
video. Do watch Part 2.2 of the Industrial Revolution video.
For more such articles and videos subscribe to the Unacademy YouTube channel and follow Dr. Roman Saini on Facebook.
The PDF files of Unacademy videos can be downloaded from the following link:
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