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The Industrial Revolution was followed by the phase of high industrialization during the German Empire. The (catch-up) Industrial Revolution in Germany differed from that of the pioneering country of Great Britain in that the key industries became not the textile industry but coal production, steel production and railroad construction.
The government played a powerful role in the industrialization of the German Empire founded by Otto von Bismarck in 1871 during a period known as the Second Industrial Revolution. It supported not only heavy industry but also crafts and trades because it wanted to maintain prosperity in all parts of the empire.
The Crystal Palace Great Exhibition of the Works of Industry of all Nations, London, 1851 Early industrialisation in Germany, the city of Barmen in 1870. Painting by August von Wille. Aplerbecker Hütte, an industrialised area of Dortmund, Germany, c. 1910. The United Kingdom was the first country in the world to industrialise. [6]
The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
The October edict began the process of abolishing serfdom and its hereditary character. The first peasants to be freed were those working on the domains in the Reichsritter and on 11 November 1810 at the latest, all the Prussian serfs were declared free: [ 81 ]
Gründerzeit (German pronunciation: [ˈɡʁʏndɐˌtsaɪt] ⓘ; lit. ' founders' period ' ) refers to an economic phase in 19th century Germany and Austria before the great stock market crash of 1873 , and a Central European architectural style, often historicist in character, which lasted from the mid- to late-19th century.
During the early industrial revolution and the transition from an agricultural economy to an industrial one, major conflicts arose between agricultural landholders and capitalists. Landholders did not benefit as much as industrialists from educating their workers (and thus increasing the human capital of their region).
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...