Industrialism in Europe during the 20th Century

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Industrialism in Europe during the 20th Century

Industrialism in Europe during the 20th Century

After the introduction of the mercantilism system of trade, a group of economic theorists thought that there were better ways of improving Europe’s economy. They believed that the mercantilism system of trade promoted the trade activities but did not increase the wealth of a state (Kaelble, 1984).

During the industrial revolution, a new form of industrialism was introduced in the European market. The industrialist became the dominant participant in the capitalist system as opposed to the previous merchant. This period saw a great improvement in the economy of Europe. The increase in the mechanization of systems of production saw an increase in output fro sectors such as commercial agriculture. It became much easier to get a lot of produce with the introduction of the mechanization.

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