Essay: Beginning of capitalism in Europe

Sample Essay

Prior to the industrial revolution, much of Western Europe experienced a rather stable economy. Since capitalism was not that much entrenched in their lifestyles, there was rather political calmness as well as favorable degree of social equity or wealth distribution.

With the onset of industrial revolution and the promotion of a capitalist mode of production conflicts soon started to spring up as the desire for more wealth and the emergence of different social classes started to take its toll.

The advent of industrial revolution had many impacts on different perspectives. Firstly, it affected the political setup and institutions in many economies. In addition, the industrial revolution has greatly affected world economies even today. The revolution was also characterized by a change in the type of lifestyles that people live (Desmond, 1970).

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