Table of Contents
Why there was no industrial revolution in India?
With its high population Indian merchants could still make a lot of profit without all the machinery, so the things kept going the way they used to. The social, economic and environmental conditions in India were not ideal for an Industrial Revolution.
Who suffered from industrialization in the Northeast?
Rockefeller, and Cornelius Vanderbilt were three of the most famous corporate barons who benefitted from industrialization. Those who suffered were workers who were underpaid, overworked, or killed or injured on the job.
Why did the Industrial Revolution began in the Northeast?
Industrialized manufacturing began in New England, where wealthy merchants built water-powered textile mills (and mill towns to support them) along the rivers of the Northeast. In return for their labor, the workers, who at first were young women from rural New England farming families, received wages.
Why industrial revolution did not happen in India Quora?
The Industrial Revolution did not happen in the various Indian states precisely because they were ancient and had become set or ossified in their ways.
How did industrialization affect the North?
The industrial revolution in the North, during the first few decades of the 19th century, brought about a machine age economy that relied on wage laborers, not slaves. Northerners did not need slaves for their economy and fought a war to free them.
Why was the North industrial?
In the North, the soil and climate favored smaller farmsteads rather than large plantations, which did not need slavery to operate them. Industry and manufacturing might flourished, which was fueled by European immigrant labor. Natural resources such as iron and copper were more abundant in the North than in the South.
Why industrial development is very slow in Assam give three reason?
Poor rate of capital formation is considered as one of the major constraint which has been responsible for slow rate of industrial growth in India. Thus, the poor performance of the agricultural sector resulting from natural factors is also another important factor responsible for industrial stagnation in the country.