The inventions of the spinning mule and power loom became more efficient and effective because of steam power.
Before the beginning of the industrial revolution, India used to shine in the world chart for its cotton textile industry. These cotton goods used to get exported to different parts of the world which includes today’s Europe, America, and the Middle East among others.
As a matter of fact, India is documented to have dominated the world’s cotton textile market during the 1750. As India was land of cheap labour, production was high with low price calicoes.
It is not a matter of surprise that by the end of the 17 century, Indian calicoes were popular in Britain. However, things changed after the industrial revolution. The discovery of steam power and its practice from the year 1815 created a threat to the Indian textile industry.
The inventions of the spinning mule and power loom became more efficient and effective because of steam power. Indian farmers were forced to produce cotton plantations so that it could fuel English factories as India was then under British rule.
Due to the industrial revolution, urban cities started getting overcrowded day by day. The introduction of assembly lines and factories, electricity development, and the railroads all these things contributed to faster and more efficient production of goods and materials.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
Also Read:
- What is Crony Capitalism?
- What Is Capitalism?
- What is Socialism?
- What is Free Enterprise?
- What is Third World?
- What is the Fourth World?
- What is Sustainable Economic Growth?
- What is Inclusive Growth?
- What is Industrialisation?
(India CSR)
India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.
📩 Contact us at: biz@indiacsr.in
Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.
