THE FIRST INDUSTRIAL REVOLUTION
BY:- JASMEET SINGH(200MBAW039)
RENU(200MBAW020)
MBA 3 rd Semester
Historical Significance of the Industrial
Revolution
The Industrial Revolution changed human life
drastically
More jobs and more goods able to be produced
faster and more efficient.
WHAT WAS THE INDUSTRIAL
REVOLUTION?
The Industrial Revolution refers to the greatly
increased output of machine made goods that began
in England in the 1700s.
Industrial Revolution, the process of change from
an agrarian and handicraft economy to one
dominated by industry and machine
manufacturing. These technological changes
introduced novel ways of working and living and
fundamentally transformed society.
THE INDUSTRIAL REVOLUTION
Machines were invented which replaced human labor
New energy sources were developed to power the new
machinery – water, steam, electricity, oil (gas,
kerosene)
Increased use of metals and minerals
Aluminum, coal, copper, iron, etc.
Britain Takes
Great Britain’s advantages:
the Lead Plentiful iron and coal
A navigable river system
Colonies that supplied raw
materials and bought
finished goods
A government that
encouraged improvements
in transportation and used
its navy to protect British
trade
DEVELOPMENT OF THE DOMESTIC
SYSTEM OF PRODUCTION
Domestic system developed in England
Late 1600s-late 1800s
domestic system, also called putting-out
system, production system widespread in 17th-
century western Europe in which merchant-
employers “put out” materials to rural producers
who usually worked in their homes but sometimes
laboured in workshops or in turn put out work to others.
The Industrial Revolution
Transportation improved
Ships
○ Wooden ships → Iron ships → Steel ships
○ Wind-powered sails → Steam-powered boilers
Trains
Automobiles
Communication improved
Telegraph
Telephone
Radio
BACKGROUND OF THE INDUSTRIAL
REVOLUTION
Scientific Revolution
Intellectual Revolution
Encouraged learning and the search for better
and newer ways of doing things
Agricultural Revolution
Landowners experimented in their enclosures
Seed drill
Crop rotation
Livestock breeding
Factory System
Developed to replace the domestic system of
production
Faster method of production
Workers concentrated in a set location
For example: Under the domestic system, a woman
might select fabric and have a businessperson give it to
a home-based worker to make into a dress. Under the
factory system, the factory owner bought large lots of
popular fabrics and had workers create multiple dresses
in common sizes, anticipating that women would buy
them.
IMPACT
Industrialized countries exploited overseas markets for
resources
Imperialism was born
Gave Europe great power
Developed a middle class
Created a movement for social reform
REFORMS
Workers joined together to
form unions
Engaged in bargaining with
employers if refused
workers would strike
Britain-Combination Acts
outlawed unions but were
repealed in 1824
1886- U.S.- American
Federation of Labor led
successful strikes
REFORMS
Factory Act of 1833-illegal to hire children under 9
Could not work more than 8 hours a day
1842- Mines Act prevented women and children from
working underground
1847- limited workday to 10 hours
THANK YOU