What is industrialization?

The concept of "industrialization" is associated with the dominance of industrial production in the economic development of a particular country.

The word has Latin roots and comes from the concept of "industry", which, in fact, literally means: industry.

What is industrialization?

This process proceeds expeditiously, relying ondevelopment of new production technologies (especially in metallurgy and energy complex). The process of industrialization also affects the development of society, changing it, changing the worldview of people, the attitude to innovation in science and the result of labor. The ongoing growth in industrial production, as a rule, increases the incomes of the working population, which leads to an increase in the services market and increases the welfare of the people as a whole, improving the purchasing power inside and outside the country. This, in turn, stimulates investment, leading to sustained economic growth of the state.

A bit of history

Industrialization (or industrial revolution)first occurred in England in the 19th century. France becomes industrialized much later - in the early 20-ies of the last century. In Russia, the process of industrialization occurs at the end of the 19th and the beginning of the 20th century. In the country of the Soviets it was carried out in the 1930s and meant the elimination of the backwardness of economic and energy, the rapid growth of heavy industrial production in the country.

Read more about this in the article What was the 20th century.