The Industrial Revolution brought about big changes in how people think about money and work.
Rise of Capitalism: As more factories opened, people started putting their money into businesses. This led to capitalism, which is a system that encourages competition and new ideas. This helped economies grow and become stronger.
Change in Labor: Many people moved from farms to factories to find jobs. This meant that instead of working on a farm, individuals began to earn wages by working in factories. Families often left rural areas for cities where these jobs were available, changing how they made a living.
Introduction of Socialism: Not everyone was happy with the tough working conditions in factories. Thinkers like Karl Marx came up with the idea of socialism. They wanted more rights for workers and thought that everyone should have a fair chance.
In summary, the Industrial Revolution changed the way people earn money and think about work. It started new ideas about who should own businesses, how wealth should be shared, and the importance of workers' rights. These ideas are still important today.
The Industrial Revolution brought about big changes in how people think about money and work.
Rise of Capitalism: As more factories opened, people started putting their money into businesses. This led to capitalism, which is a system that encourages competition and new ideas. This helped economies grow and become stronger.
Change in Labor: Many people moved from farms to factories to find jobs. This meant that instead of working on a farm, individuals began to earn wages by working in factories. Families often left rural areas for cities where these jobs were available, changing how they made a living.
Introduction of Socialism: Not everyone was happy with the tough working conditions in factories. Thinkers like Karl Marx came up with the idea of socialism. They wanted more rights for workers and thought that everyone should have a fair chance.
In summary, the Industrial Revolution changed the way people earn money and think about work. It started new ideas about who should own businesses, how wealth should be shared, and the importance of workers' rights. These ideas are still important today.