Essay: Changes In The Economy

Sample Essay Changes In The Economy

Changes in the economy that were prompted by the Industrial Revolution had a massive effect on the growth of urban centers. According to Levy, the economy started shifting from the traditional cottage industry to mass production in industries that were localized in one area. The mass labor required in the factory resulted in the development of urban centers.

The changes in the economy also resulted in modern business entities which requires a large technical and administrative work force concentrated in one area. The rapid urban growth was also a result of the development of efficient and reliable means of transport in the late 19th and early 20th centuries.

The advent of steam engines in rail and sea transport resulted in increased factory production as well as ease of movement of people and goods into the growing urban centers.

Therefore according to Levy, four factors resulted in the rapid increase in the urban population in the19th and 20th centuries. The factors were the rapid population increases, the Industrial Revolution, increased agricultural production, and the development of reliable and efficient means of transport (Levy, pg 10).

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