Quote (Sefira @ Oct 30 2013 09:44pm)
There are many factors. Some I'd say are notable are:
1. New Technology - Technology had already existed by this point during the 1800's. Scientists focused more on developing more advanced technology to help further the production of the market's goods and needs.
2. Transportation Systems - Increased amounts of methods of traveling that were quicker and cheaper led to more goods being processed, sent, and sold quickly than before.
3. Supply and Demand - More people, more goods. The surplus amounts of good that were being produced made the price much cheaper by undercutters. Whilst they were cheap, they were profitable and helped both parties, one made profit, the other got what they needed at an advantageous price.
Immediate effects can be developed from the causes.
1. The cheap ways of transportation methods led to more people settling in the cities to help make more money for their selves + family rather than in a rural area.
2. Supply and Demand - Large price fluctuations because many people wanted a profit.
3. Jobs - The demand for them was higher than the supply. Jobs didn't require a specialization, it was simple jobs, albeit the fact they were of low pay, some people needed the job.
Long Term Effects
1. More people focused on further advancing their technology to help increase and maximize profits.
There's a lot more, I'm going to leave this out, it's up to you to figure out what you're learning.
Thank you a lot! That should catch me up in the subject of Industrialism now. I was out a couple days. Thank you so much again!