The Modern Age in El)rope (C) Industrial Revolution
ICSE · Class 9 · History & Civics
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Industrial Revolution: Meaning and Nature
- The Industrial Revolution refers to changes in industry during the second half of the 18th century and the first half of the 19th century.
- It marked a shift from handwork to machine work.
- It also marked a shift from domestic production to factory production.
Causes of the Industrial Revolution in England
- Congenial atmosphere after the Renaissance and Reformation encouraged freedom of thought and experimentation.
- Invention of machinery started the industrial change.
- John Key invented the Flying Shuttle, which increased the speed of weaving and made broad cloth weaving possible by one person.
Capitalism
- Capitalism is the economic system in which the means of production are owned by private individuals or groups.
- The owner of capital is called a capitalist.
- Capital is money invested for producing articles in a factory, buying machinery and raw material, and selling finished goods in the market.
Causes and Effects of Capitalism
- Industrial Revolution increased national wealth and raised the standard of living.
- Population increased because living conditions improved and death rates declined.
- The enclosure law forced small farmers to sell land or seek work elsewhere.
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