Did the industrial revolution caused capitalism?
Last updated: May 25, 2022
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In the early 1800s, Western Europe experienced a period of significant social and economic change, known as the Industrial Revolution. This period saw a massive increase in productivity and a corresponding growth in wealth and population. Along with these changes came a new economic system, known as capitalism.
So, did the Industrial Revolution cause capitalism? The answer is complicated. On the one hand, the rise of industry and capitalism were intimately linked. The growth of factories and the development of new technologies spurred the growth of capitalism. On the other hand, capitalism was not a new phenomenon. It had been developing for centuries before the Industrial Revolution.
In the end, it is impossible to say that the Industrial Revolution caused capitalism. However, it is clear that the two phenomena were closely linked and that the Industrial Revolution played a major role in the development of capitalism.