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The effect of Industrialisation shown by rising income levels since 1500. The graph shows the gross domestic product (at purchasing power parity) per capita between 1500 and 1950 in 1990 International dollars for selected nations.<ref>Depicting data excerpted from Contours of the World Economy, 1–2030 AD. Essays in Macro-Economic History by Angus Maddison, Oxford University Press, 2007, ISBN 978-0-19-922721-1, p. 382, Table A.7.</ref>
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Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial one, involving the extensive re-organisation of an economy for the purpose of manufacturing.<ref>{{#invoke:citation/CS1|citation |CitationClass=book }}</ref>

As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth.


Industrialisation sections
Intro  Background  Social consequences  Current situation  See also  References  Further reading  

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The effect of Industrialisation shown by rising income levels since 1500. The graph shows the gross domestic product (at purchasing power parity) per capita between 1500 and 1950 in 1990 International dollars for selected nations.<ref>Depicting data excerpted from Contours of the World Economy, 1–2030 AD. Essays in Macro-Economic History by Angus Maddison, Oxford University Press, 2007, ISBN 978-0-19-922721-1, p. 382, Table A.7.</ref>
$B= }} in 2005, based on a percentage of the top producing state, the United States

Industrialisation or industrialization is the period of social and economic change that transforms a human group from an agrarian society into an industrial one, involving the extensive re-organisation of an economy for the purpose of manufacturing.<ref>{{#invoke:citation/CS1|citation |CitationClass=book }}</ref>

As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth.


Industrialisation sections
Intro  Background  Social consequences  Current situation  See also  References  Further reading  

PREVIOUS: IntroNEXT: Background
<<>>