The Era of Industrial Manipulations

(Tere prices ka Title)

1. The Reorganization of British’s Industry in the second half of the

Nineteenth Century on a large and unbaised basis.
● Family Firms Revolutionized themselves as Limited Liability Companies.
● Municipalities converted Government's Facilities into Business.

2. The Division of Shareholders.

● The Shareholders became irresponsible and Ignorant.
● The wealth Gained had little or no responsibility for the way it was gained.

3. The Declination of relations between Labourers and Shareholders.

● The Shareholder’s Irresponsibility.
● Ignorance of the Condition in which the labourers Survived.
● the size of the companies which inhibited Personal relations.

4. The New patterns through which the Industry Revolutionized.

The Following is the Precis:-

The Time Period between 1850 and 1900s saw the industry Revolutionise in Organised, On Larger
Scales and Impersonal Basis. Limited Liability companies were made out of Older Family Firms and
the municipalities started business of the facilities provided by the government. All these revolutions
led to the formation of Shareholders which earned great wealth by investing a little bit in Britain’s
World Wide Trade. But Unfortunately, No one cared about the poor’s living conditions, and the size of
the companies which started to create a drift in relations between the capital and the labour class and
finally the increment in rules and regulations in the trade union encouraged the Labour class to raise
their concerns against the biased and unfair way in which they were being managed. The actions
taken by the labourers class such as strikes and lockouts made both the sides respect each other
which initiated the fair negotiation between labour and Capital. All these revolutions led to the change
of patterns in the Industry. (167 Words)