Summary
Industrial Revolution concise summary
- Course
- Institution
- Book
This document contains all needed points in the form of a concise summary on Industrial Revolution.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Capitalism, Socialism, Communism
-
Socialism, Capitalism, Communism, Nazism & Fascism
-
Napolean Bonaparte
Seller
Follow
suchitraprabhu
Content preview
Industrial Revolution, IRRevolution : Revolt (dissatisfaction w.r.t existing system) + Evolution (of a new
system)
Revolution is a phenomenon that has the potential to impact/ change almost all the
aspects of life like Polity, Economy, Society etc.
Features of revolution :
1. Change in Political structure ( emergence of new institutions eg: parliament
American revolution : first written constitution
2. Change in Social structure (& value system), renaissance , beginning of
liberalism, secularism
3. Change in means of production & economic relations : Beginning of
machine age
4. Rapid transformation w.r.t infrastructure like introduction of railways
Definition
IR denotes the system of manufacturing things or products on a large scale with the
help of manmade largescale machines driven by steam power
IR, in modern history, is a process of change from an agrarian & handicraft
economy to one dominated by industry & machine manufacturing.
The phenomenon of IR started in 18th cent in England & it had far reaching effects
on social, political & economic aspects of English masses.
Causes for IR
Colonialism & Imperialism coupled RAPID Social & Economic Changes
with geographical discoveries
Capitalism
Scientific Inventions
1. Geographical discoveries, colonialism & imperialism
geographical discoveries introduced new regions like India, America, Mexico,
Malaya etc & gave a direct link b/w east & the west for the first time in the history of
the mankind.
Industrial Revolution, IR 1
, geographical discoveries provided the supply of raw materials (availability of huge
pool of resources) & market
Colonialism & Imperialism helped in conquering both the sources of raw material &
the market. The demand for the products increased exponentially due to these new
links & it could not be met with the traditional methods of production. This
necessitated scientific inventions & innovations
Colonialism Imperialism
1. Benefits to parent country 1. Benefits to parent country
2. Exploitation of host country 2. exploitation of host country
3. economic benefits 3. political acquisition of a foreign
territory
4. Domination of people’s life &
culture 4. militarism
5. can be done by companies like EIC 5. done by gov or state
Colonialism is the practice of acquiring Imperialism is a policy of extending a
partial or full control over another country’s power & influence through
country & exploiting it economically military force or diplomacy
Practice of extending territories, forming The ideology that drives colonialism
colonies & settlements & exploiting their
Can be categorized into formal &
resources
informal imperialism
Produce two main types of colonies :
settler colonies & dependencies
2. Scientific Inventions
When the traditional methods of productions could not match the increased
demands of the market, it necessitated scientific inventions & innovations to boost
the production. The first major innovation was about the utility of the steam power
demonstrated by James Watt.
Efficiency of steam power = 5* of manpower
innovation of Steam Engines → increase in production of goods → increase in
demand of raw materials & markets → boosted colonialism & imperialism → later,
the colonies were PERMANENT markets & cheap source of RAW MATERIALS →
exploitation of farmers & exploiters became RICH → Capitalists FUNDED
innovations
Industrial Revolution, IR 2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller suchitraprabhu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now