StudentShare solutions
Triangle menu

The Technological Stimulus of the Industrial Revolution - Essay Example

Nobody downloaded yet

Extract of sample
The Technological Stimulus of the Industrial Revolution

The technology that continued to drive the Industrial Revolution came in the form of invention and innovation. Invention, and the implementation of the invention, was merely the first step in the process. It is estimated that the period of invention terminated in 1780 (McCloskey 251). All progress after that date was due to innovations on existing technology. Initially, the textile mills located their factories near sources of water that were needed to drive the water wheel technology. The introduction of the steam engine radically changed the economics of the textile industry. No longer forced to relocate workers to the site of the source of power, manufacturers were free to build factories at the population centers that provided a ready supply of cheap labor.
Aside from solving the labor issue, steam power was not subject to the changes in weather and seasonal variations that water was. Water was subject to drought and in the attempt to make up for losses in the dry period, water driven mills were often forced to employ child labor during high productivity periods. The loss of this labor source reduced the value of water. Though the cost of water may have been competitive, it could never be a reach the production levels of steam. Without the introduction of the invention of steam, the textile industry could never have reached an economy of scale. ...
However, there were some major differences in the economy of the production of iron. Iron experienced an unprecedented level of growth in production during the period of 1780-1860. However, it did not see an improvement in the productivity that was noted in textiles (McCloskey 251). While the cost of textiles fell dramatically during this period, the cost of iron fell less sharply. McCloskey has attributed this to the rising cost of inputs, mainly coal, that were required in the production of iron (251). The production level of iron was spurred by improved technology, but an influx of capital could not significantly raise the level of productivity.
The inventions and innovations also aided the high levels of production and improved productivity during the Industrial Revolution in transportation. Transportation not only increased trade, but also facilitated the transport of local raw materials and finished goods. While McCloskey puts the value of transportation during this period at about 6% of the national income, it may have been a resource whose dynamic effect is difficult to calculate (258). The development of roads and waterways was reflected in the overall cost of transporting cloth from a remote mill to a commerce center. The eventual reduction in the cost of transportation through technological improvements would further raise the level of productivity. Transportation moved the finished goods and allowed for the importation of raw cheaper materials. Critics, however, have argued that the peripheral economic benefits of transportation, including the expansion of trade, amount to very little (McCloskey 258). However, even outside the textile sector, exports grew among almost all manufactured goods though they were ...Show more


The period of 1780 - 1860 has been viewed as one of the most explosive periods of economic growth in British history. The Industrial Revolution was primarily focused on the rapid expansion in the iron, textiles, and transportation industries while others experienced much slower growth…
Author : merlinhowell
The Technological Stimulus of the Industrial Revolution essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Technological Stimulus of the Industrial Revolution"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Industrial Revolution
It is almost impossible to imagine what the world would be like if the effects of the Industrial Revolution were swept away”. However, the industrial revolution engulfing the whole societies of the world is not an appealing idea as this process can bring about huge disaster to the planet and its natural resources.” Industrial revolution has brought about immense change in the lifestyle of people as steam engine replaced the wind, water and animal and manpower as main source.
3 pages (750 words) Essay
Hange of effects of warfare on combatants due to new technological advancements since Second Industrial revolution
Change of Effects Change of Effects of Warfare on Combatants due to New Technological Advancements since Second Industrial Revolution. This paper enumerates three changes in effects of warfare on combatants due to new technological advancements Since the Second Industrial Revolution.
5 pages (1250 words) Essay
Industrial revolution
Background: Unlike any other revolution in the history of world, this particular revolution was not bloody in its outlook. It did not result in life loss neither did it cause any upheaval, rather it gave a new outlook to the world, made the events more progressive, changed the life styles, living patterns, working procedures and many other elements on individual and collective level.
5 pages (1250 words) Essay
Industrial Revolution
Before the Industrial Revolution, big "firms" (that is the merchant-entrepreneurs) were quite widespread, but almost all of their work-force was domestic labor (cottage industry). The firm owned the raw materials, almost all the goods in process, tools and equipment, and outsourced physical production to workers' homes.
5 pages (1250 words) Essay
Industrial Revolution
This essay discusses that The fertility rate has increased same as the life expectancy. Gradually the industrialization has enticed a huge number of migrants from villages in search of better surveillance.The urbanization has a pressurized city municipal sanitation system and there was an extreme shortage of basic needs.
4 pages (1000 words) Essay
Industrial Revolution
ates this period is generally agreed to have begun at the time of the Civil War (1861-1865).” (Business Dictionary) the main phase of the revolution was that a great change was brought about in the field of technology which involved new techniques in the use of machinery. It
4 pages (1000 words) Essay
Benifits and problems of the industrial revolution
Of course, the neo-liberal economic system of today is very different from the earliest capitalist enterprises, but the core principles
2 pages (500 words) Essay
Industrial Revolution
Industrial Revolution also altered the face of the American society in the sense that it facilitated a say to the women in the job markets
1 pages (250 words) Essay
Industrial Revolution
However, all developments, as a result of industrial revolution, brought benefits as well as hardships. Because of industrial revolution, there have been profound social, economic, and political developments associated with
3 pages (750 words) Essay
Industrial revolution
Factories came up during this period and mass production began. The steam engine, the textile and iron industries were vital in bringing change during this period. The fields of banking, transportation and
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us