The Industrial Revolution

Part I of Essay
was a period in history when mankind found innovative and efficient ways of producing goods, manufacturing services and creating new methods of transportation. This not only revolutionized the way the market system functioned, but also changed the way people perceived thei ....

Part II of Essay
.... of the townships (known as centralization), the previous system was dismantled and categorized into steps. No longer would one person be required to build, market or transport their product since the new system introduced the art of specialization. Specialization allowed a person to perform a single task and guarantee them wages as a source of income. However, as wonderful as this might seem, this new system led to the emergence of a n working class (proletariat) and forced them to depend on market conditions in order to survive as producer ....