The Industrial Revolution A Classical Liberalism

The Industrial Revolution, which began in Britain bought about significant changes, and had varying impacts on people depending on their economic status. It was a change that spread rapidly widening the gap between the rich and the poor wherever it developed. Although the industrial revolution enhanced production, increased employment opportunities and resulted in high generation of revenues, it also negatively affected various industries given that most of the trust, conglomerate and holding companies used their influence to kill any chance of fair competition; a move that ensured they controlled their respective industries. Worse still, it increasingly degraded the lives of the middle class given that early on in the revolution; there were no specific laws or regulations to protect them. It therefore becomes evident that it is laissez- faire (a classical liberalism) that supported the historical record with regards to early industrial revolution. 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