vetenskapochupplysning

The industrial revolution, the beginning of the industrialization of the world, and a big reason of why the world looks the way it currently does. The industrial revolution brought many important inventions, including James Watt's steam engine and the train, as we still have great benefit of. The revolution started in The British Empire during the second half of the 18th century. But what was the reason so many important inventions and machines were launched in such a short time?

Well, before the industrial revolution there was a revolution that has not had as much attention called the economic revolution. The economical revolution led to a restructuring of the market - trade and industry - which promoted the sale of the mass-produced goods. In Europe the privileges’ of the nobility were abolished, and in Sweden, the guild system was abolished in 1864. In country after country, they replaced the old state oligopoly with the new market system. The function of the system was to give companies free competition between each other, and free enterprise. The socialists called the system capitalism, and the traders themselves named it market economy.

The new system with free competition between companies and free enterprise made a success in almost every country, and companies and factories were established everywhere. The economic revolution with the invention and technological development led to the sharp expansion of the mechanical production of goods and trade called the industrial revolution. This was marked by the construction of factories for the mechanized production of goods, increased use of energy and a substantial influx of labor to urban areas and the factories built there (urbanization).

The market system with free enterprise and free concurrence stands for most of the production in almost all countries today.


// Erik J