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Industrialization is a significant topic that is often tested on the AP World History: Modern Exam. It refers to the process of developing industries and transforming societies from primarily agricultural to manufacturing and industrial.
Industrialization can be defined as the transition from an agrarian economy to one dominated by industry and manufacturing. It involves the adoption of new technologies, the establishment of factories, and the growth of urban centers.
There are several preconditions that contributed to the rise of industrialization. These include:
Industrialization had far-reaching effects on various aspects of society and the environment. Some of the notable effects include:
Industrialization sparked various reactions and ideologies. Some of the notable reactions include:
Unit 5.3 of AP World History focuses on the beginnings of industrialization. Key terms to review include the causes of the Industrial Revolution and the factory system.
The Industrial Revolution was triggered by a combination of factors, such as:
The factory system emerged as a key feature of the Industrial Revolution. It involved the concentration of workers and machinery in a centralized location, leading to increased productivity and economic growth.
Unit 5.7 of AP World History focuses on the economic developments and innovations during the Industrial Age. Key terms to review include new economic philosophies, innovations in business, and the effects on mass culture.
The Industrial Age saw the emergence of new economic philosophies, such as capitalism and laissez-faire.
The Industrial Age witnessed various innovations in business, including the rise of transnational businesses and the development of financial instruments.
The industrialization process had a profound impact on mass culture, leading to the rise of consumerism and the widening gap between social classes.
Capitalism is an economic system dominant in the Western world since the breakup of feudalism. It is characterized by privately owned means of production and guided by the operation of markets. Capitalism has undergone continuous development and has become the prevailing economic system in many countries.
The development of capitalism is the result of historical and intellectual contributions from various thinkers and events. It cannot be attributed to a single inventor or originator.
While capitalism has its merits, it also faces criticism. Some common criticisms include issues of income inequality, exploitation of labor, and the potential for market failures.
Many countries around the world embrace elements of capitalism to varying degrees. Some notable examples include the United States, Canada, the United Kingdom, Germany, and Japan.
Neoliberalism is often associated with capitalist policies, such as deregulation and free market principles. However, it is important to note that neoliberalism encompasses a broader set of political and economic ideologies.
Disclaimer: This content is provided for informational purposes only and does not intend to substitute financial, educational, health, nutritional, medical, legal, etc advice provided by a professional.