The Fall of Communism 1/8
Top Comments
Video Responses
All Comments (104)
-
original arab spring
-
reminds me a bit of the Arab Spring, hopefully many there will abandon their fascist govts and join the free markets.
-
today's ignorant are falling for the vices of communism once again. Free Free Free, everything for free just join us and kill those pigs derp herp. A fail logic, which should be remembered.
-
Economic historians are in agreement that the onset of the Industrial Revolution is the most important event in the history of humanity since the domestication of animals and plants.
-
Some 20th century historians such as John Clapham and Nicholas Crafts have argued that the process of economic and social change took place gradually and the term revolution is a misnomer. This is still a subject of debate among historians. GDP per capita was broadly stable before the Industrial Revolution and the emergence of the modern capitalist economy. The Industrial Revolution began an era of per-capita economic growth in capitalist economies.
-
The period of time covered by the Industrial Revolution varies with different historians. Eric Hobsbawm held that it 'broke out' in Britain in the 1780s and was not fully felt until the 1830s or 1840s, while T. S. Ashton held that it occurred roughly between 1760 and 1830.
-
The First Industrial Revolution, which began in the 18th century, merged into the Second Industrial Revolution around 1850, when technological and economic progress gained momentum with the development of steam-powered ships, railways, and later in the 19th century with the internal combustion engine and electrical power generation.
-
The effects spread throughout Western Europe and North America during the 19th century, eventually affecting most of the world, a process that continues as industrialisation. The impact of this change on society was enormous.
-
The introduction of steam power fuelled primarily by coal, wider utilisation of water wheels and powered machinery (mainly in textile manufacturing) underpinned the dramatic increases in production capacity. The development of all-metal machine tools in the first two decades of the 19th century facilitated the manufacture of more production machines for manufacturing in other industries.
-
Trade expansion was enabled by the introduction of canals, improved roads and railways. With the transition away from an agricultural-based economy and towards machine-based manufacturing came a great influx of population from the countryside and into the towns and cities, which swelled in population.
The industrial revolution had its problems, but ultimately it produced far far more jobs than it displaced and greatly enriched and improved the lives of everyone. If the factory owner has spent years working long hours and assumed great risks to get his factory, the results of his labor should be his. The workers cannot then steal his factory. They did not earn it. If they follow the owner's path of long hours and great risk, then they can one day own their own factory.
dabliss101 1 month ago 3
God bless the men and women who sacrificed so much to overthrow Communism.
XmXFLUXmX2 5 months ago 3