Investopedia

Continue to Site »

Industrialization

Filed Under »
Dictionary Says

Definition of 'Industrialization'

The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines. Characteristics of industrialization include the use of technological innovation to solve problems as opposed to superstition or dependency upon conditions outside human control such as the weather, as well as more efficient division of labor and economic growth.
Investopedia Says

Investopedia explains 'Industrialization'

Industrialization is most commonly associated with the European Industrial Revolution of the late eighteenth and early nineteenth centuries. The onset of the second World War also led to a great deal of industrialiazation which resulted in the growth and development of large urban centers and as well as suburbs. Industrialization is an outgrowth of capitalism and its effects on society are still undetermined to some extent, however it has resulted in a lower birthrate and a higher average income.

Articles Of Interest

  1.

    Globalization: Progress Or Profiteering?

    Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits foreign workers. ...

  2. The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.

  3. What Is The World Bank?

    You've heard of the World Bank, now find out how it functions and why some groups oppose it.

  4. How The Federal Reserve Manages Money Supply

    Find out how the Fed manages bank reserves and this contributes to a stable economy.

  5. The Ins And Outs Of Bank Fees

    These service charges could nickel and dime you right out of your nest egg.

  6. The Rise Of The Modern Investment Bank

    Get to know a little bit about the institutions whose actions help to guide free markets.

  7. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.

  8. Demystification Of Bank Accounts

    Find out which type of account suits your specific needs.

  9. Henry Ford: Industry Mogul And Industrial Innovator

    This man made his dream of bringing the automobile to the masses a reality.

  10. Most Successful Unions

    Labor unions have existed in the U.S. for quite some time, but not all have been as successful as these three.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center