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The First Industrial Revolution: Creation of a New Global Human Era

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  • Mohajan, Haradhan

Abstract

The First Industrial Revolution began in England in about 1750–1760 that lasted to sometime between 1820 and 1840. It is one of the most distinguished turning points in human history. During this period human and animal labour technology transformed into machinery, such as the steam engine, the spinning jenny, coke smelting, puddling and rolling processes for making iron, etc. Industrial Revolution is renewed for global economic growth, increase in production and consumption of common people. The system of transportation communication through canals, road and rails had improved. Also banking and other financial systems improved to run the industries and business firms smoothly. Child and infant mortality rate decreased and fertility rate increased. As a result, population growth had dramatically changed. On the other hand, women and child labour has increased in dangerous and unhygienic condition. Factory workers have to work sixteen hours in a day merely to save the family from starvation. Industrial Revolution created a wide gap between the rich and the poor. An attempt has taken here to describe the various effects of Industrial Revolution.

Suggested Citation

  • Mohajan, Haradhan, 2019. "The First Industrial Revolution: Creation of a New Global Human Era," MPRA Paper 96644, University Library of Munich, Germany, revised 17 Jul 2019.
    • Handle: RePEc:pra:mprapa:96644
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    References listed on IDEAS

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    Cited by:

    1. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Economic Aspects of Profit Maximization if Cost of Principal Raw Material Increases," MPRA Paper 117453, University Library of Munich, Germany, revised 22 Mar 2023.
    2. Haradhan Kumar MOHAJAN, 2020. "Circular Economy can Provide a Sustainable Global Society," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 9(3), pages 38-62, September.
    3. Mohajan, Devajit & Mohajan, Haradhan, 2023. "The Responses of an Organization for the Increase in Wage Rates: Profit Maximization Cases," MPRA Paper 118238, University Library of Munich, Germany, revised 10 Jun 2023.
    4. Walaa Khoder Kattar & Ahmet Diken, 2020. "Why have USA firms been more effective than the UK firms in the market since the industrial revolution?," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 6(6), pages 236-245.
    5. Mohajan, Haradhan, 2021. "Third Industrial Revolution Brings Global Development," MPRA Paper 110972, University Library of Munich, Germany, revised 28 Sep 2021.
    6. Mohajan, Haradhan, 2022. "An Overview on the Feminism and Its Categories," MPRA Paper 114625, University Library of Munich, Germany, revised 02 Jul 2022.
    7. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Economic Investigation of Lagrange Multiplier if Cost of Inputs and Budget Size of a Firm Increase: A Profit Maximization Endeavor," MPRA Paper 117993, University Library of Munich, Germany, revised 07 May 2023.
    8. Danilo Ferreira de Souza & Francisco Antônio Marino Salotti & Ildo Luís Sauer & Hédio Tatizawa & Aníbal Traça de Almeida & Arnaldo Gakiya Kanashiro, 2022. "A Performance Evaluation of Three-Phase Induction Electric Motors between 1945 and 2020," Energies, MDPI, vol. 15(6), pages 1-31, March.
    9. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Mathematical Model for Nonlinear Budget Constraint: Economic Activities on Increased Budget," MPRA Paper 117299, University Library of Munich, Germany, revised 17 Mar 2023.
    10. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Various Problems Arise in Industrial Economics If Wage Rate Increases: A Study for Nonlinear Budget Constraint," MPRA Paper 117553, University Library of Munich, Germany, revised 04 Apr 2023.
    11. Mohajan, Devajit & Mohajan, Haradhan, 2023. "A Study on Nonlinear Budget Constraint of a Local Industrial Firm of Bangladesh: A Profit Maximization Investigation," MPRA Paper 117324, University Library of Munich, Germany, revised 27 Mar 2023.
    12. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Effects of Various Inputs for Increased Interest Rate of Capital: A Nonlinear Budget Constraint Consideration," MPRA Paper 118134, University Library of Munich, Germany, revised 06 May 2023.
    13. Mohajan, Devajit & Mohajan, Haradhan, 2023. "An Economical Study When Cost of Irregular Raw Materials of an Industry Increases for Nonlinear Budget Constraint," MPRA Paper 118176, University Library of Munich, Germany, revised 05 May 2023.
    14. Mohajan, Haradhan, 2019. "The Second Industrial Revolution has Brought Modern Social and Economic Developments," MPRA Paper 98209, University Library of Munich, Germany, revised 26 Dec 2019.
    15. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Bulimia Nervosa: A Psychiatric Problem of Disorder," MPRA Paper 117258, University Library of Munich, Germany, revised 17 Mar 2023.
    16. MOHAJAN, Haradhan Kumar, 2020. "Circular Economy: An Inevitability Issue For The Sustainable Human Civilization," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 20(3), pages 23-54.
    17. Martin Kaloudis, 2022. "From Quality to Quantity: How Can Digital Sovereignty be Parsed into Measurable Components?," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 8(2), pages 172-189.

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    More about this item

    Keywords

    Industrial Revolution; Technological Change; Human Capital; Economic Development;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries

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