The Industrial Revolution Essay Example for Free

The Industrial Revolution EssayFrom the beginning of the Industrial Revolution to the present day, the structure and culture of the American workplace have been bear on by many forces, among them capitalism, technology, globalization, and issues of equality. Describe these forces in detail and analyze their impact on the structure and culture workplace. Capitalism Capitalism is an economic system that is base on the private ownership of capital or the means of production and the creation of goods and services for profit. Some of the elements central to capitalism include capital accumulation, militant markets and a price system. Capitalism has been dominant in the Western world since the end of Mercantilism. It was fostered by the Reformation, which sanctioned hard work and frugality, and by the rise of the sedulousness during the Industrial Revolution, especially the English textile industry. Unlike earlier systems, capitalism delectationd the excess of production over consu mption to enlarge productive aptitude rather than investing it in economically unproductive enterprises such as palaces or cathedrals. It is now widely recognized that a impertinently global de runry is emerging.It is characterized by the transnational flow of capital, goods, services and labor by greater national specialization and increased competition across borders and by the use of new technologies that radically disrupt traditional ways of doing business. In seeking competitive advantage, the United States has targeted a niche for itself at the top of the world economy It has opted to use the highest technology, to have the most capital- and knowledge-intensive industries, and to produce the highest quality and highest value-added goods and services.Surfing the crest of this giant wave is not easy To maintain its prosperity, the U. S. economy must be in a state of constant change, driven by a process of creative destruction. Inefficient products, companies and entire indus tries continually need to be replaced. Capitalism is the amicable system which now exists in all countries of the world. Under this system, the means for producing and distributing goods (the land, factories, technology, transport system etc. ) are owned by a small minority of people. we refer to this group of people as the capitalist descriptor.The majority of people must sell their ability to work in return for a engross or salary. the working class are paid to produce goods and services which are then sold for a profit. The profit is gained by the capitalist class because they can make more notes selling what we have produced. In this sense, the working class are exploited by the capitalist class. The capitalist live off the profits they obtain from exploiting the working class whilst reinvesting some of their profits for the further accumulation of wealth.This is what we mean when we say there are two classes in society. It is a claim based upon simple facts about the socie ty we live in today. This class division is the essential feature of capitalism. It may be general to talk about various different classes exiting such as the middle class, but it is the two classes defined her that are the key to understanding capitalism. wage In capitalism, the motive for producing goods and services is to sell them and make a profit. this is not done to necessarily satisfy the needs of the people.The products of capitalist production have to detect a buyer, of course, but this is only incidental to the main aim of making a profit, of ending up with more money than was originally invested. This is not a theory that we have thought up but a fact you can easily confirm for yourself by reading financial reports from the press and other source. Production is started is started not by what consumers are prepared to pay for to satisfy their needs but by what the capitalists calculate can be sold at a profit. Those goods may satisfy human needs but those needs will n ot be met if people dont have the money to purchase them.The profit motive is not just the result of greed on behalf of individual capitalists. Many times they do not have a choice about it. The need to make a profit is imposed on capitalist as a condition for not losing their investments and their position as capitalist. Competition with other capitalists forces them to reinvest as much of their profits as they can afford to keep their means and methods of production up to date. As you will see, we hold fast that it is the class division and profit motive of capitalism that is at the root of most of the worlds problems today, from starvation to war, to alienation and crim.Every aspect of our lives is subordinated to the bastinado excesses of the drive to make profit. In capitalist society, our real needs will only ever come a poor second to the requirements of profit. engine room Technology is defined as the making, modification, usage and knowledge of tools, machines, crafts, t echniques, systems, methods of organization, in order to solve a problem, improve a preexisting solutions to a problem, achieve a goal, negociate an applied input/output relation or perform a specific function.