Industrial Revolution Capitalism and Communism Essay

Industrial Revolution Capitalism and Communism - Essay ExampleSubsequently, this labor force could not be made to paroxysm itself inside the dimensions of medieval economy that used to be fully controlled by the monarchs, businessmen, and noblemen. Hence, labor organization against the medieval structure of laissez faire led to significant change in industrial and economical relations influencing the society as a whole (Goloboy, 2006). In examining that how the engagementers lives were altered by industrialization, we must say that the workers had to acquire newer skill sets, work for longer, and function production oriented without rest and entertainment. Factory owners chose to exploit them and society changed rapidly. Workers were now underpaid, they lived in factory system, and state became a managing committee of the business owners (Carlton, 1920).Second, automation of production processes the number of people work in the factories. The lifestyle in agrarian economy was dr astically different from that in the industrial economy. This led to all-embracing urban development since changes in lifestyle increased ambition and consumption of the masses. After initial hurdles, urban development led to social mixing, abolition of out of date traditions, and innovation of shorter and simpler social customs, rituals, formalities, etc. But the economic differences between the owners and the workers began to become steeper along with these developments. Owners continued to become richer and workers continued to become poorer.During and after industrial revolution, a new class of businessmen emerged who have enough capital, which they could use to build factories and experiment with different methods production engineering and fund research. This weakened the economic control of monarchs, although no significant political change took place. Hence, a powerful business class the capitalists emerged, who established the system of capitalism (Goloboy, 2006). Relati onship between the working class and the owners was