Impact of the Industrialization Era (Great Britain and United States)

The industrial era is one of the most important and exciting events in the past 400 years. Industrialization has created a comprehensive chain reaction in the world. "Industrialization brings better quality of life to most people" (Beck, 723). Some people think that industrialization only affects the UK, but in reality, many of the characteristics and results of industrialization have a global impact. Industrialization is showing a rise in economic prosperity, employment, innovation and so on.

Of course, at the end of the canal era there was a big difference in the economies of England, Russia, the United States and Canada. In 1850, the UK became the world's most advanced industrialized country. In 1854, Russia, who was defeated in the Crimean War, had to admit that it was not developing compared to Western European countries like Peter the Great. The United States, approaching the end of the "catch up" period, is trying to establish the first advanced industrialized country throughout the continent. Canada joined the army in 1867 without a national economy and is about to start a national policy aimed at establishing national policies.

In Europe of the 19th century, the extent to which the government promoted industrialization was not perfect, but it was related to the gap between the UK and related countries. But even in the UK and the U.S., the government has the most direct economic role and the government has played an important role in promoting the Industrial Revolution. In the United States in 1870 and the United Kingdom in 1850, the governments of both countries cancels all modern market regulations, eliminates major legal barriers of labor migration (such as slavery in the US) and permits commercial land transactions did. They set up a limited liability company and removed barriers to foreign direct investment. Nevertheless, self-financing is still the main source of funds for most industrial capital. Canal and train)