The Industrial Revolution (1750–1850) brought significant changes in agriculture, mining, manufacturing, transportation, and technology and created an era of unprecedented economic growth in a capitalist economy. During this period, Karl Marx observed the difficulties and inequalities faced by the proletariat. The working class worked for a long time in inhuman conditions to maintain the minimum wage, and the bourgeoisie gave Marx class profits. The economy, […]

Wealth has had many factors that contribute to the meaning given by the Merriam-Webster Dictionary (2009), which defines wealth as “abundance of material possessions or resources.” In the early part of the United States, depending on the location in the continent, wealth was determined by different factors, especially after the Industrial Revolution.  In the South, with slavery abounding, wealth was not just about the land […]

In this era of modernity and high technological advancement, the conveniences and efficiency that it brought can be credited to the birth of the Industrial Revolution. The first wave of this phenomenal social, economical, and cultural event came from the European coast at around the 18th century. From the moment the revolution came into its climax, it spread around outside Europe and progressively steered the […]

Observations on the Conditions of the Working Class During the Industrial Revolution The British Industrial Revolution of the late eighteenth and early nineteenth centuries brought about a much needed change in the economic structure of the country. The old fashioned, agricultural based economy that Britain had assumed for centuries had become obsolete, and in the spirit of mercantilism and neighborly competition with the French, the […]