Capitalism and Industrial Revolution Essay

Submitted By Sarabeth094
Words: 1700
Pages: 7
Open Document
THE STRUCTURE AND CULTURE OF THE AMERICAN WORKPLACE SINCE
INDUSTRIAL REVOLUTION
Sara Link
Thomas Edison

The structure and culture of the American workplace since Industrial revolution
Introduction
Before the industrial revolution, people were agricultural based in farms that were spread out in America. The mode of production was traditional and the output was dismal. Since the start of the Industrial revolution to date, the structural and cultural workplace in America has been impacted by may forces including rise of capitalism, use of technology, emergence of globalization and gender equality issues. Industrial revolution brought together people from different ways of life through the creation of machines, cities and factories. Time became of importance as work days were no longer determined by the sun. This was because the clock was used at the work place. Entertainment industry grew tremendously as people were seeking something to do when off clock. Congestion developed in the cities because there were no regulations and every family member had to work. Unlike in the agricultural age where families worked together, industrial revolution made it difficult for family members to work together. As a result, family life became very difficult. This paper discusses how the structure and culture of the workplace of American workplace have been affected by the forces of succeeding industrial revolution including capitalism, technology, globalization and issues of equality.
Capitalism
The term capitalism was coined in 19th Century when industrial revolution was at its peak and individual businessmen were come up with new enterprises and as they accumulated wealth. Capitalism is an economic system in which trade, business, means of production and distribution are controlled by the private owners or corporations, compared to the state-owned means of production. Capitalism has been in existence in the western world since the age of
Mercantilism. Mercantilism was an economic system that was supposed to increase the country’s
The structure and culture of the American workplace since Industrial revolution 3 wealth through imposing government regulations on commercial interests related to the country’s economy. It was believed that limiting the imports on tariffs and maximizing exports, the nation’s economy would be improved. Compared to the other economic systems, capitalism emphasizes on production at the expense of consumption to increase the productive capacity instead of investing it on economic enterprises that are unproductive for example, palaces and cathedral. It is recognized as the new emerging global economy. Capitalism is illustrated by the flow of goods, services, capital and labor through comparative advantage by use of new technologies that disrupt the traditional ways of conducting business. United States have built a niche for itself in the global economy using modern technology to create high quality goods and services that are value added as well as to have the most information based economy. Remaining at the top is not easy and therefore industries in the United States have to adopt the principal of constant change through the process of “creative destruction.” This entails replacing ineffective products and the entire industry on a continuous basis. Today, capitalism exists in all countries of the world as a social system where production and distribution means are owned by a minority of people known as the capitalist class. Most people have to exchange their skills to work in return for a salary. This class of people is paid for producing of goods and services which are sold for profit. The capitalists make their livelihood from the profits the working class makes for them.
Technology
Technology is the study, development, modification, and usage of devices, machines, crafts, systems and techniques so as to find solutions to problems while improving a preexisting problem solution to achieve a
Show More

Related Documents: Capitalism and Industrial Revolution Essay

Capitalism: Capitalism and Industrial Revolution Essay

` Capitalism is the economic and political system in which a country’s trade and industry are controlled by private owners; these owners are the capitalists, using their own proclaimed wealth to propel the investment of further wealth. The word capitalism comes from the word “capital” meaning something of value, generally, but not necessarily money. “Capital” originates from the Latin word caput, meaning “head”, which was used to mean how many head of cattle a wealthy person owned. Economics surrounding…

Words 983 - Pages 4

Essay about Capitalism: Karl Marx and Industrial Revolution

themselves” while a CEO lookalike smokes a cigar and another that says “Capitalism in Action: making people rich since the 16th century” and shows a field of rundown houses. Capitalism is an economic system in which the raw materials and the means of producing and distributing goods and services remain privately owned. It is based on a few things: working for a wage, private ownership, and production for exchange and profit. Capitalism is for those with money, they just invest it and accrue more capital…

Words 1108 - Pages 5

Industrial Revolution Essay

The First Industrial Revolutions Impact on Society Western Governor’s University The Industrial Revolution was a major shift in history that impacted and influenced almost every aspect of daily life. This revolution is marked as the time from 1780-1850 when advancements in science and technology transformed the way of production, communication, and transportation. But this revolution did not only impact these aspects, it also had social consequences as well. Two major social consequences were…

Words 1182 - Pages 5

Age of Enlightenment and Indiana Wesleyan University Essay examples

possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University. June 11, 2013 References Ansart, G. (July 2009). Variations on montesquieu: Raynal and diderot's histoire des deux indes and the American revolution. Journal of the History of Ideas. July 2009, Vol. 70 Issue 3, p399-420. 22p. Retrieved through the Indiana Wesleyan University Off Campus Library Services. (Lisa Cummings) Guillaume Ansart, in his review of Raynal and Diderot’s original work…

Words 852 - Pages 4

Cold War: Hierarchism, Socialism And Communism

number of phenomenal upsurges and revolutions based on economic, political, social and scientific objectives. Many of these revolutions were weaved by the military strikes and bloodshed of civilians, while others focused on the enlightenment and intellectual uplifting of masses. Revolutions like enlightenment and industrial revolutions were spread on almost a century whereas the French revolution and upheaval in France lasted a decade and the Russian revolution and rise of communism in Russia was…

Words 914 - Pages 4

What Are The Main Tenants Of Early Industrial Capitalism

The first world war lasted from 1914 to 1918 and was significantly influenced by the industrial revolution leading to the establishment of technologically advanced weaponry causing mass destruction and atrocities that have not been witnessed till that period. This essay will further explain the main tenants of early industrial capitalism and how the war was utilized as a distraction from its negative effects. This paper will also evaluate how the major causes of the First World War, militarism, the…

Words 201 - Pages 1

Essay on Socialism and Young Female Factory

the advancement of the Industrial Revolution. One of the man developments was the Agricultural Revolution, which made a fundamental change in farming. With new ways of farming many innovators seek to make production, manufacturing of farming faster. Which introduced the Industrial Revolution to England; The Revolution had its negative and positive affects in England socially, economically, and financially. The livelihood of the working class was difficult during the Revolution causing permanent aftermath…

Words 1304 - Pages 6

Unit 2 Exam Essay

effects of the Industrial Revolution on mass society? The Industrial Revolution took place in history from 1790-1870 and it had a profound influence on mass society because it led to worldwide urbanization. The other effects were felt by the end no feudalism and the rise of socialism, communism and capitalism. Leading up to the revolution, for 1300 years starting from the fall of Rome to the dawn of the Industrial Revolution, Europe and the…

Words 994 - Pages 4

Communist manifesto Essay

equality and democracy and without this, revolution will occur. Through the insights of social injustice and conflict and justified hostility toward industrial capitalism, the Communist Manifesto provides an accurate analysis of the economic and social changes happening in that time period. During the time the Manifesto was written, an abundance of economical and social change had taken place. The industrial revolution swept Europe introducing capitalism after the aristocracy had fallen. The wealthy…

Words 646 - Pages 3

Southern Slavery Research Paper

rise of American capitalism or in other words industrial capitalism of the modern era would not have existed without southern slavery. I agree with this claim because even Pulitzer-prize winning journalist Ta-Nehisi Coates posits that “the country was built” on slave labor. In other instances, for example when Azealia Banks claimed that American slaves perished in the name of modern capitalism but this is not true. If anything slavery was at its peak during the market revolution which gave rise to…

Words 925 - Pages 4