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Economic Policy in the 19th Century: Difference between revisions
Economic Policy in the 19th Century (view source)
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The 19th century saw the rise of [[Industrial Capitalism|industrial capitalism]], a system where industries are controlled by private owners for profit. This was a shift from the agrarian economies that had dominated previous centuries. Industrial capitalism was characterized by the growth of factories, the use of machinery, and the mass production of goods. | The 19th century saw the rise of [[Industrial Capitalism|industrial capitalism]], a system where industries are controlled by private owners for profit. This was a shift from the agrarian economies that had dominated previous centuries. Industrial capitalism was characterized by the growth of factories, the use of machinery, and the mass production of goods. | ||
[[Image:Detail-146323.jpg|thumb|center|A 19th-century factory with smokestacks, symbolizing the rise of industrial capitalism.]] | [[Image:Detail-146323.jpg|thumb|center|A 19th-century factory with smokestacks, symbolizing the rise of industrial capitalism.|class=only_on_mobile]] | ||
[[Image:Detail-146324.jpg|thumb|center|A 19th-century factory with smokestacks, symbolizing the rise of industrial capitalism.|class=only_on_desktop]] | |||
== Global Trade Expansion == | == Global Trade Expansion == | ||