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Industrial capitalism refers to the economic system that emerged during the industrial revolution, characterized by the dominance of industrialists over merchants and the shift towards factory production.
- Historical Geography
Historical Geography, Evolution of. Peter R. Martin, in...
- Social Policy
Social Welfare Policy: Comparisons. G. Esping-Andersen, in...
- Labor Division
Labor, Division of. Wolfgang Littek, in International...
- An Overview
Capitalism. I.T. Berend, in International Encyclopedia of...
- Industrialization
The ethos of industrial capitalism also began to challenge...
- Historical Geography
- Theories of Industrialization
- Protoindustrialization
- The Growth and Evolution of Industrial Capitalism
- The American Industrial Model
- Cartels
- The Postwar Market Systems
- Industrial Capitalism and The Welfare State
- Bibliography
Once industrialization had emerged as a clearly discernible process, intellectuals and scholars came along to interpret its meaning and significance. Men like Claude-Henri de Saint-Simon felt that something remarkable was happening in their time in the early nineteenth century and turned their attention to what they perceived as a toiling and labor...
In the 1970s, then, there emerged a group of historians who had become skeptical of certain elements of the positions that Hobsbawm and Rostow had taken in the debate on the origins of industrial capitalism. They tended to agree with the liberals that industrial capitalism did not come as a sudden rupture. The transition from agriculture to industr...
Once industrial capitalism had firmly established itself, it experienced a rapid expansion. The principle of competition in the marketplace meant that many who had owned a small workshop went under or barely survived on the margins of the new factory system, while others were more successful, founding further factories, developing new product lines...
By the turn of the century, interest in Britain as the role model of industrial capitalism began to give way to an interest in the United States, which in the meantime had changed from a country of rural settlers, trappers, and "Red Indians" to one in which a growing number of people lived in cities and were engaged in manufacturing. Instead of jou...
Cartels are horizontal agreements between independent firms within one branch of industry designed to foster cooperation instead of competition in key areas such as output and pricing policies. Members of a cartel divide the market among themselves by negotiating, for example, production quotas for each company and/or by fixing prices. Many cartels...
Given the negative effects that European cartelization had both economically and politically, the United States, as the unquestioned hegemon of the Western world after 1945, insisted on a strict ban on cartels and their replacement by a model that had evolved in the United States since the late nineteenth century. It began in 1890, when Congress ra...
A key concern in the relationship between government, employers, and organized workers—also known as tripartism—was the maintenance and cautious expansion of the welfare state. This system of social security had first emerged in Germany in the 1880s. Subsequently Britain and other European nations also installed increasingly universal benefits such...
Chandler, Alfred D., Jr. Scale and Scope: The Dynamics of Industrial Capitalism.Cambridge, U.K., 1990. Hobsbawm, Eric J. The Age of Revolution, 1789–1848. New York, 1962. ——. The Age of Empire, 1875–1914.London, 1987. Kriedte, Peter, Hans Medick, and Jürgen Schlumbolm. Industrialization before Industrialization.Translated by Beate Schempp. Cambridg...
Commercial capitalism proved to be only transitional. The succeeding form would be distinguished by the pervasive mechanization and industrialization of its productive processes, changes that introduced new dynamic tendencies into the economic system while significantly transforming the social and physical landscape.
Jul 2, 2019 · Industrial capitalism, characterized by its use of heavy machinery and a much more pronounced division of labor. It is a system whereby industry and resources are owned by few for profit. In this capitalist system means of production were privately owned.
May 8, 2024 · Capitalism is an economic and political system where trade and industry are controlled by private owners for profit. Its core principles are accumulation, ownership,...
- Daniel Liberto
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Nov 6, 2024 · Capitalism, economic system, dominant in the Western world since the breakup of feudalism, in which most means of production are privately held and production, prices, and incomes are determined by markets. Learn more about the history and development of capitalism in this article.
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Industrial capitalism is an economic system characterized by private ownership of the means of production, where goods are produced for profit within an industrial framework.
