WebThe Industrial Revolution increased the overall amount of wealth and distributed it more widely than had been the case in earlier centuries, helping to enlarge the middle class. WebIn China, poverty and sometimes famines also created “push” factors for laborers. Big corporations then took advantage and created a “pull” factor. They would offer to pay to …
READ: Industrialization and Migration (article) Khan Academy
WebThe industrial revolution did massively increase the relative proportion of the those in the middle class, reducing poverty. That trend is now being reversed, however, and the middle class beginning to go bye-bye (thank you Reaganomics). ... Of course the industrial revolution decreased poverty. It just goes to show how pathetic we have become. great falls national park trail map
How the industrial revolution raised the quality of life for …
WebOct 28, 2009 · The Industrial Revolution of the 1800s, a time of great growth in technologies and inventions, transformed rural societies into industrialized, urban ones. The industrial revolution has become a successful battle cry for detractors of capitalism. The specter of working class poverty and misery during the industrial revolution has been and still remains an important justification for government intervention into social and economic affairs. See more As noted above, the pessimistic case is widely accepted by both the general public and academia. However, it is fair to say that the majority of modern economic historians who study the industrial revolution believe … See more Considering the preponderance of evidence indicating substantial improvement in real wages, it is clear that the arguments of early pessimists, such as Engels, have become untenable. Clearly, the material standard … See more Another popular argument of the pessimists is that the real wage increases were merely “bribes” to workers forced to endure polluted and unsanitary urban conditions. According to this line of reasoning, the gain … See more It has been long held by many pessimists that the wage increases of the industrial revolution were eroded away by extremely high unemployment and underemployment rates caused by the introduction of labor-saving technology. … See more WebThe Industrial Revolution precipitated the world's second great increase in economic productivity. The first occurred 15,000-20,000 years ago during the Neolithic … flip wilson net worth time of death