INDUSTRIAL REVOLUTION

By: Diego Pineda, Jorge Portilla and Oscar Navarro

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INDUSTRIAL REVOLUTION The industrial revolution started in Great Britain (London) in the middle of

the 1750´s

ECONOMIC TRANSFORMATIONS

As economic activities in many communities moved from agriculture to manufacturing, production shifted from its traditional locations in the home and the small workshop to factories.

Large portions of the population relocated from the countryside to the towns and cities where manufacturing centers were found

The overall amount of goods and services produced expanded dramatically, and the proportion of capital invested per worker grew.

New groups of investors, business people, and managers took financial risks and reaped great rewards.

The textile industry was transformed by new machines and factories, again allowing for much higher production at a lower cost.

CULTURAL TRANSFORMATIONS

The gap between the poor people and the people rich became larger

In terms of cultural changes, a significant effect of the Industrial Revolution was the encouragement of literature and the arts.

The creation of capitalism, socialism and communism.

Because the bad condition of work the workers formed unions to increase their influence.

CONCLUSIONS The industrial revolution form all the bases to form the world that we know.