Industrial Revolution
- Development of powerloom running on hydropower + Development of cotton gin
- Deployed for running spinning machines and for powerlooms + used in coal mines to pump out water
- Water transport using steam powered ships was much cheaper than transport through land
Allowed the British steel industry to produce high-grade cast iron instead of just the pig iron
The Enclosure Movement was led by the big landlords, who in connivance with the legislators in Parliament, increased their farm landholdings by taking over the small landholdings of marginal peasants and the village commons. Thus a lot of labor was actually available for the Industry in the towns & the labor surplus ensured cheaper labor costs and thus more profits to the businessmen.
Impact of Industrial Revolution
But it also led to –
- Led to development of resentment and many worker movements
- Hastened the arrival of Socialism
In a way, Industrial Revolution increased the penetration of democracy in England. The growing resentment among the workers and their consequent movements made the government conscious that Laissez Faire is not the sine qua non & the State has a responsibility to protect the vulnerable sections, if Capitalism itself is to be protected from workers revolution.
It further resulted into –
Thus, Industrial Revolution played an important role in emergence of Imperialism whereby the Colonial powers tried to establish much stronger control over the colonies by use of military power, direct rule & rule by intermediaries.
In Europe, the end of Napoleonic wars in 1815 brought an atmosphere in which the nations could focus on Industrial development. Machines were introduced in many European nations after 1815, but the movements for democracy, independence and unification of territories didn’t allow Industrial Revolution to take root till 1871.
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