Industrialisation
The effect of industrialisation shown by rising income levels in the 19th century. The graph is showing that the gross national product (at purchasing power parity) per capita between 1750 and 1900 in 1990 US dollars for First World nations (Europe, United States, Canada, Japan) and Third World nations (Asia, Africa, Latin America). [1] Map showing the global distribution of industrial output [ clarification needed ] in 2005, based on a percentage of the top producing state, the United States Industrialisation is the period of social and economic change that transforms a human group from an agrarian society into an industrial society, involving the extensive re-organisation of an economy for the purpose of manufacturing. [2] As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Contents 1 Background 2 Social consequences ...
