The stated that everyone would benefit from

0 Comment

The Industrial Revolution started in Britain because they had many natural resources. They also had a great amount of money which they thought would help. While the negative aspects of the Industrial Revolution caused communism to emerge during the 1800s, the Industrial Revolution was most heavily influenced by capitalism through the free market. There were many positive effects that came from the Industrial Revolution. With free-trade markets, there was an increase in the production of goods and increased the overall wealth for everyone (Document 1). Things like bridges, roads, and other public works were able to be built for the community (Document 1). Taxes that the public paid were collected and used towards the public education in every district (Document 1). New technology was created and improvements were made especially in transportation with trade (Document 4). Several beneficial changes were made in Britain. There were improvements in the factories which helped the laboring classes (Document 6). A collection of Acts were created called the Statutes of the Realm to regulate working conditions and ages (Document 5). Many jobs were created and wages began to rise. Electricity came about during this time which changed several methods of production. The electricity was a replacement for machines that worked off of steam. Adam Smith was a big supporter of the free market and free trade. He published a book called The Wealth of Nations which shared his opinion of the effects of the Industrial Revolution (Document 1). He believed that all social classes would benefit from the free market, including the poor (Document 1). Smith had a small role in the government that was very limited so he had little power (Document 1). Public works were something he favored because it helped everyone (Document 1). In the economy, he suspected that people wanted to benefit themselves but also the community and the other people that lived around them (Document 1). He strongly stated that everyone would benefit from the free market. In his book, The Wealth of Nations, he argued that allowing free markets would manage and regulate businesses and their activities such as marketing and budgeting. The negative effects of the Industrial Revolution included too many large groups of people crowding to work in the factories (Document 2). The working class were doing their jobs in terrible conditions with filth and no sanitation (Document 6). Young children from as young as five, who were taken from destitute families, were found working in these dangerous factories which caused physical damage and learning disabilities (Document 5). Manufacturers became more wealthy and more crucial in the well-being of the nation (Document 4). The mass of production was put in the hands of the state instead of the businesses (Document 4). The poor working conditions caused pollution and contamination in the streets and drinking water. These conditions caused low pay to people who were working in the factories struggling to support themselves and their families. Karl Marx did not agree with the effects from the Industrial Revolution. He wanted the lower class to eventually rise above the higher class (Document 4). He wanted the proletariat to be at the ruling position and for everyone to be equal and on the same social class level (Document 2). Marx thought if the lower class rose above the others, having a few ruling, that they would be able to establish democracy (Document 2). He wanted to help the poor people to put everyone on the same level. He believed that the Industrial Revolution would only help some people but not everyone.  Capitalism was more effective than communism during the Industrial Revolution, because the free market overpowered the negative aspects of communism. Adam Smith believed a free market would benefit everyone including the poor. He thought it would benefit and regulate business activity. The Industrial Revolution benefited public works, transportation, and working conditions. Karl Marx believed it would only help some people but not everyone. He wanted everyone to be in the same place without social classes. He wanted a few people to rise above and take power. The working classes worked in slums and horrible conditions at young ages. Manufacturers became more wealthy and working classes were still in terrible conditions.


I'm Rick!

Would you like to get a custom essay? How about receiving a customized one?

Check it out