Essay on Gke Task 4 - 1082 Words

GKE Task 4 The two most significant social consequences of the First Industrial Revolution were the emergence of the Bourgeoisie and the rise of factories. As a result of new developments in machinery and the formation of factories, the division of the labor force drastically changed. No longer were people born into their crafts; however, they were able to choose factory work as their profession, and wealthy land owners were no longer able to count on the possession of large tracts of land as a form of wealth. The land owners either transitioned into becoming factory owners, or they faced bankruptcy due to lack of production which resulted from people born on their land leaving when they came of age to seek better paying†¦show more content†¦Industrial Revolution and Capitalism In a nut shell, Price claimed the Industrial Revolution created the division of labor (2004). The Division of Labor is perfectly encapsulated by the Henry Ford model of the assembly line (Price, 2004). Each worker on the assembly line only needs to know how to attach or inspect the operation of their assigned part on to the object as a whole, and not how to assemble the entire product. This allows for any unskilled person to be taught how to attach their doodad onto the doohickey without knowing what the doohickey does or operates. This is capitalism in the basic form of the ideal. Capitalism desires economic efficiency, thus the assembly line is a perfect example of the rise of unskilled factory workers and the decline of skilled craftsmen during the industrial revolution and the rise of capitalism. The rise of Capitalism assisted in increasing the chasm which already existed between the wealthy and the poor. The newly created middle class also rapidly becoming wealthy as a result of the new commerce, and were able to spend more time perusing the leisure activities before only enjoyed by the rich. Capitalism naturally had it opposition from all sides, the wealthy, the middle cl ass, and the increasingly poor. This opposition was able to take root within the poor andShow MoreRelatedtask 31185 Words   |  5 Pages Task 3 for GKE 1 March 25, 2014 Western Governors University Page 2 In 1615 the East India Company acquired its first territory in Bombay, India. The East India Company was a British company that traded for goods, services, and raw materials with India. What initially started as a trading company became a company ruling a country with Brittan’s backing. The company established an army in India comprised mostly of local citizens called Sepoys. With help from the British