How Did The Economy Change From 1750 To 1914

Through 1750 to 1914 industry dramatically changed the economy and social classes. Beginning in the early 1750s many countries switched from a agricultural society to a more industry based society. The invention of the steam engine allowed for many changes to take place, steam was a reliable source of power for many machines that could produce more rapidly than human beings ever could. Steam power also had great uses in the field of transportation, steam powered trains allowed people to travel more distance in a day than the previous generation could in a lifetime. These great advances in technology caused a rapid expansion in urban areas causing people to move from rural areas in search of greater economic opportunity. Industry allowed a country to amass a large amount of wealth and power which later leads to the imperialism and takeover of less technologically advanced peoples. Industry caused the economy and social classes to change dramatically throughout 1750-1914. To begin with, industry changed the economy by switching from the putting out system to a more industry based system. The putting out system is an economic system in which

Before the industrial revolution two there were two major classes: the nobles and the peasant. Nobles gained most of their wealth through inheritance while peasant worked the land given to them by the nobles. The peasants were forced to give up most of their harvest to the nobles in order to pay for their land. During the industrial revolution two new classes emerged the bourgeoisie and the proletariat. The bourgeoisie was the middle class and the proletariat was the working class. The bourgeoisie worked in higher business positions while the proletariat were mostly factory workers. In general the working classes of the industrial revolution earned their money, only the wealthy upper class inherited their