The term industry can mean many things but the main thing to remember is that the industrious nature of the economy is what fuels the economy in the first place. Free trade is the food we feed the beast which is the economy and as long as there is industry there is civilization. There is more to the term industry than just the literal meaning because things were not always as they were today in any industrial surplus cincinnati oh. There is a history to the industrious nature of things and it is worth mentioning here in this article so that we could see the full historical contribution that goes into the economy we live in today. In this article we will be discussing what industry is, the history of industry, and of course the modern industry compared to how things were back in the day.
What is industry? Well according to documentation an industry is a system where goods and services are produced for a currency that represents the health of the country. All this is occurring inside of an economy that depends on this very aspect of trade in order to stay afloat. Many times a business that is big enough could operate in multiple areas of the economy thus increasing the industries health and well being. In modern times the advancement of technology and the coal mines were the big contributors to the overall health of the industry.
What is the historical aspect of industry? Well according to an article the first inkling of the production of goods and services came from the practice of slavery which is the forced labor to produce a good or service for human consumption. In civilized societies slavery is declared not legal and is not condoned to contribute to the industries that make up our economies. Another source of industry back in the day came from guilds that comprised themselves of artisans and merchants. Unlike slavery the guilds available to people were an optional function rather than a forced function. The roots of building a guild dated back to the ancient roman civilization. However when Rome fell from its former glory the guilds fell right along with them. When the beginning of the middle ages emerged the guilds started to create reform up until the fourteenth century the idea of guilds finally reached a state of maturity. Only a few guilds remain to this day but some of the modern systems closely resemble the guilds back in the day like the trade unions and SAG-AFTRA.
What modern changes contributed to the transformation of the idea of having an industry in human populations. Well the Industrial Revolution could be one good example of that reference. The whole point of the Industrial Revolution was to partly or fully replace human hands with state of the art machinery. This was just the beginning as one century later the I phone was invented and this really rocked the industry and now people went from … READ MORE ...