The Industrial Revolution In order to fully understand the causes of the Industrial Revolution you must first understand what it was. ... This dependency upon the land and nature also meant that people had very little to do during the often long and hard winter months. ... Developed to take advantage of the farmers' free time, the cottage industry produced high-quality low-priced textiles by subcontracting the work to the otherwise unemployed farmers during the winter months. ... It should also be noted that Britain's industrial development, unlike many other countries, wa...

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The turn of the 20th Century sparked the "managerial revolution", management became separated from ownership in corporations, and a rise of large companies and a corporate elite. ... Every business system has distinctive advantages and disadvantages. ... The "New American Economy," in the U.S., created huge trade deficits, low savings rate and the declining skill level of a large portion of the workforce. ... During the late nineteenth century Germany's Chancellor, Otto von Bismark, began an initial movement towards the modern welfare state. ... During the postwar, Germany's ...

• Word Count: 840
• Approx Pages: 3
• Grade Level: Undergraduate