The Industrial Revolution
Beginning of paper
was a period in history when mankind found
innovative and efficient ways of producing goods, manufacturing services
and creating new methods of transportation. This not only revolutionized
the way the market system functioned, but also changed the way people
perceived their status in society and w ....
Middle of paper
.... to start manufacturing on a mass
scale. With factories placed in central locations of the townships (known
as centralization), the previous system was dismantled and categorized into
steps. No longer would one person be required to build, market or transport
their product since the new system introduced the art of specialization.
Specialization allowed a person to perform a single task and guarantee them
wages as a source of income. However, as wonderful as this might seem, this
new system led ....
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