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BOGOTA D.C.
2022 – 1
The Industrial Revolution was born in England at the beginning of the 18th century, where
the doctrine of liberal economics emerged, proposed by Adam Smith and David Ricardo, replacing
the economic models of the 16th and 17th centuries as they were already obsolete. Adam Smith
publishes The Wealth of Nations (1776) in which the economy is governed by the law of supply
and demand, in which it is also proposed to reduce state intervention to a minimum, free
The law of supply and demand was the origin of many injustices, such as the exploitation
of child workers, since for the owners of the industries, work was another commodity and should
David Ricardo, another pillar for liberal economics, was an English economist of Jewish
origin who was a member of classical economic thought. He defended the sale of land and
fertilizers offered by law, based on the sale of land that was favorable for cultivating good land.
It was a Revolution that consisted in the invention of new types of energy and machinery
aimed at greater production, which caused a great technical, political and social transformation in
which the industrial bourgeoisie emerged, of whom many were bankers or merchants, but others
how they managed to go from being artisans to reach this new social class thanks to their
inventions, also had as a consequence of new and important advances in the field of science, such
The cotton textile industry was the first to feel the effects of mechanization with a shuttle
created in 1773 by watchmaker John Kay, with excellent results. The industrial revolution has been
developing along with the existence of man, so its importance is manifested in all acts of daily life.
These industrialization progresses, over time, were reaching other sectors, such as the
metallurgical one, which like the metallurgical one, which improved the quality of the iron, and
steel is obtained,
From 1781 to 1790, hydraulic power was replaced by steam power, increasing the
production of cotton cloth. Thanks to the Scottish James Watt, the first steam engine was built,
which was Papin's engine, which was the first steam piston. Which functioned as a mechanical
The power of the motor is later applied in navigation and locomotion, as in 1807 when the
first motorized ship was built and in 1814 the locomotive was invented, this caused merchandise
to spread throughout the world, increasing markets and international trade. But this is beginning
to cause an economic gap between the countries that supply raw materials and the rich countries
Then comes the second industrial revolution, which is characterized by the use of
electrical energy, and the creation of an industry dedicated to the creation of standardized
mechanized products, great advances were made in the means of communication such as
BIBLIOGRAPHY
-https://youtu.be/NIjruQLJQfo
INDUSTRIAL REVOLUTION
BOGOTA D.C.
2022 – 1