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Industrialisation

Period of social and economic change from agrarian to industrial society

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The reorganisation of the economy has many unintended consequences both economically and socially. 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. Moreover, family structures tend to shift as extended families tend to no longer live together in one household, location or place.

Background

The first transformation from an agricultural to an industrial economy is known as the Industrial Revolution and took place from the mid-18th to the early 19th century. It began in Great Britain, spreading to Belgium, Switzerland, Germany, and France and eventually to other areas in Europe and North America. Characteristics of this early industrialisation were technological progress, a shift from rural work to industrial labour, and financial investments in new industrial structures. Later commentators have called this the First Industrial Revolution.

The "Second Industrial Revolution" labels the later changes that came about in the mid-19th century after the refinement of the steam engine, the invention of the internal combustion engine, the harnessing of electricity and the construction of canals, railways, and electric-power lines. The invention of the assembly line gave this phase a boost. Coal mines, steelworks, and textile factories replaced homes as the place of work.

By the end of the 20th century, East Asia had become one of the most recently industrialised regions of the world.

There is considerable literature on the factors facilitating industrial modernisation and enterprise development.

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