Industrial Revolution Turning Point

The Industrial Revolution was a time of great economic growth, a time of the invention of machines enabling Europe to take on the mass production of commodities that once in low amounts and high in demand. The Industrial Revolution has become the starting point for the economy system of virtually every modern country, capitalism. While the Industrial Revolution is indeed a great advancement in not only Europe's history but the world's, it is a turning point. Before, the global economy was drastically different, and what led it to change?

Europe as we know before the Industrial Revolution had minimal to nonexistent mass production of goods. Goods of great quantities were preferred to be acquired by trade rather than self-production, due to trade being more productive and profitable at the time. But trade wasn't the only

In addition, it was also the result of the inventions of machines that utilized water and steam power, replacing the manufacturing methods of hand production and having the capability of being operated by the masses to perform mass production. To limit the skill required to operate these machines, workers were separated into several parts of the process in creating the commodity, known as the division of labour, becoming unskilled workers in contrast to the skilled workers, who go through the entire process in creating the commodity. This also started the economic system of capitalism, which is based on the private ownership of the production and operation for profit, in which capitalists own the on-site facility, which includes the building(s), machines, raw materials, finished goods, and the sale of all production. This greatly changed the daily lives of the general population and the standard of