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Benefits of Industrial Revolution

Benefits of Industrial Revolution

The industrial revolution brings to mind pictures of factory workers and the technological and industrial developments that occurred in the past century. Although many complain about the shift in economy that caused a lot of temporary distress and unemployment to many, the fact that industrial revolution is what ultimately paved the way for the technological and economical advancements of today cannot be denied.

1.Industry-based economy:

Before the industrial revolution all economies were based on agriculture and the wealth was restricted to an elite few. However, industrial revolution brought about a shift to the economy changing it from being an agriculture-dependent one to an industry-dependent one. Although this shift resulted in some temporary set-backs for many, it ultimately brought about a huge improvement in the economy as well as the quality of life of the developed nations. In an agriculture-based economy, people were dependent on their crops and the wealth was accumulated with a few landlords. But industrialization ensured that wealth began to spread and people were not dependent on the rich for job or food. Also, industrialization ensured that people could survive in a job by just learning the skills related to its performance. This reduced the learning curve ensuring that more people with lesser skills were better employed. Thus, the industry-based economy brought about a better, stronger, and faster growing economy.

2.Better utilization of resources:

Increase in population and depletion of resources compelled people to look at ways and means to exploit the various limited resources in an effective and efficient manner. This led to invention of technological advancements in the field of agriculture and industry. Thus industrial revolution led to development of agricultural methods that led to improved produce from the same cultivable land.

3.Enhanced standard of living:

The industrial revolution led to better and newer jobs for the population that was until then totally dependent on agriculture. These new jobs led to technological developments, better standards of housing, food, education, etc. Also, technological advancements and innovations led to the creation and better distribution of wealth among nations. The industrialization and technological developments resulted in reduction of cost and mass production of goods. This led to a scenario where objects that were once considered luxuries became commodities affordable by the middle class. This led to better healthcare, education, and laws for the middle income group.

4.Increased environmental awareness:

Although the start of industrialization led to a scenario that resulted in abuse of the environment, these same factors also pushed people to become aware of environmental abuse. The industrial revolution in a way paved the way for people to think more about the environment, its limited resources, and its efficient usage. This also led to the formulation of several laws to protect the environment.
5.Better labor laws:

The industrial revolution started a trend where workers slogged and even worked overtime. However, this trend gradually led to a point where laborers realized the need to protect their interests and employers realized the need to ensure an efficient and satisfied work force. All these brought about several labor-related laws and regulations. These laws not only protected the work aspects of laborers but also their health. This led to better work conditions, healthier life styles, and longer life spans.

Thus, in spite of the temporary setbacks and issues that affected people and economy, the industrial revolution has brought about several benefits to the developed nations and to the world as a whole.

Benefits of Industrial Revolution

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