The Pros And Cons Of The Industrial Revolution

These advances making it much easier for newcomers to enter into markets due to the advantages previously mentioned it becomes at this point good to note that over the course of the time period roughly around the turn of the nineteenth century, the population in England grew by near one hundred percent (O’Rourke). This becomes very important when we consider the state of resources at the time in history was very cheap and very accessible due to new deposits of coal and new methods as previously mentioned of obtaining them; as well, labor was at hugely valuable despite that technological advances were replacing many. Therefore, because capital and resources were cheap and at the time the working class was one of the richest in the world it made

We have said that at the time when industrialization was underway that resources and capital were cheap; that being said capital refers in this situation to both money being circulated and held as well as the assets of the people themselves (Griffin). After the Enlightenment, the time period leading up to the Industrial Revolution, in both France and England their peoples had become well versed and well equipped profound thinkers that inspired inventions that shape our world even today. There is one subtle difference between the two that makes them not so evenly match; though France at the time was the center of profound and new thinking during the turn of the eighteenth century, Britain contained that same thinking and but was itself alone in possessing a sufficient number of crafters and smiths who were able to take on the entrepreneurial challenge of the ideas that arrived to them (Griffin). Highly contrasting the French who did not posses the skills needed to make their advances a reality that created a very large setback for France in advancing its