Capitalism

In: Other Topics

Submitted By aswensen
Words 451
Pages 2
A. Industrial Revolution

As the Industrial Revolution began, it had great impact on social consequences. The first being material wealth. The common people were able to have better access to food, clothing, shelter and medicine. This improved the lives of many, many people. This surge in material wealth contributed directly to the sustained population growth. Robert E. Lucas, Jr. said, “For the first time in history, the living standards of the masses of ordinary people have begun to undergo sustained growth…Nothing remotely like this economic behavior has happened before.” On the con side of the Industrial Revolution, traditional lifestyles became impractical. Communities were rendered obsolete or useless. Professor Ludwig von Mises noted that the living conditions prior to the Industrial Revolution were deplorable at best, this led the people to embrace the new Revolution. He said, “It is a distortion of facts that the factories carried off the housewives from the nursery and the kitchen and children from their play. These women had nothing to cook with and to feed their children. These children were destitute and starving. Their only refuge was the factory. It saved them, in the strict sense of the term, from death by starvation.” Parents were no less mindful of their children then than they were centuries before. Factory owners could not force children to work in conditions their parents found unacceptable. The influx of population into Britain at this time suggests that the new industrial Britain was an attractive enticement for many people.
Children cared for by the government, on the other hand, were sent to the factories and forced to work in horrible conditions. Since they were wards of the state, the government found a way to lower the cost of caring for these children. The children could earn their care. This caused orphan…...

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