Please enable JavaScript.
Coggle requires JavaScript to display documents.
Industrial Revolution, image, image, The Original Accumulation, image,…
Industrial Revolution
The renaissance brought many technological and scientific advances but it also brought about the separation of the catholic churches by regions especially in central and northern western Europe but some of these established churches which did not have obedience to the pope.
Europe delivered large quantities of precious metals from the Americas, and also profited from the slave trade and world trade.
In the group of merchants and bankers in Europe, entrepreneurs emerged who ran the risk of economic debts thanks to capitalism as it involves taking risks towards future profits or losses.
Martin Luther played a very important role as he questioned the papacy and the corruption in Rome for selling indulgence while he said that the salvation of mankind only depended on the grace of God.
This resulted in society, the extraordinary growth of cities, the struggle of the proletariat to improve working conditions, international competition and many other changes
The industrial revolution was due to changes in production conditions due to the introduction of machinery, initially displacing steam, to replace manual labor.
.
The mechanization of the textile industry, the development of iron processing and the introduction of steam engines are the three pillars of the industrial revolution.
This growth is made possible by the accumulation and reinvestment of profits by private entrepreneurs, who have expanded their facilities to generate more growth.
-
-
-
-
-
-
-
-
-
-
The first step is the flying shuttle, which was patented by the British inventor John Kay, which greatly improved the speed of weaving.
The labor needed for the industry is available in large communities in major cities. The children and women they employ pay even lower wages.
-
-
-
