The rise of industrialization in the United States Essay

The rise of industrialization in the United States - Essay Example Without industrial revolution, the modernization of many societies would not have been achieved, and America would not be exceptional. Therefore, it becomes relevant to discuss the rise of industrialization in the United States, with a focus on what were the important components? Who were the major players and in what industries did they thrive? Assessing how technology was applied into this developments and how the working class fitted into the plan, as well as the significance of the labor movement in this process also forms the subject of this discussion. Industrialization initially started in Britain, and eventually spread to the rest of Europe and America. Before the industrial revolution, the US was using horse-powered machinery to run its factories2. This eventually changed to the adoption of water power, before industrialization revolutionized the whole manufacturing and production systems. There are several components that saw the rise of industrialization in America. First, after the end of the Civil War, agriculture in the country flourished, with a high production of raw materials such as cotton, which was being used in the textile industry for the manufacture of clothing. This being the case, the demand for production systems that would enhance the use of the readily available raw material contributed to the need to establish a more robust system of production, which saw steam-powered manufacturing, effectively replacing the water-powered machineries1. The other aspect that contributed to the rise of the American industrialization is the increased demand for manufactured goods that rose significantly notably between 1780s and the 1840s2. Considering that agricultural production in America had improved a great deal, there was sufficient food and other necessities obtainable from the farms, but a shortage of industrial products. This served to increase the demand for manufactured commodities, which eventually sparked off industrialization. Improved t ransport system also contributed to the rise of industrialization in America. In the period leading to 1820s, there was a high investment in transport systems such as canals and later the railway around 18353. An abundance of natural resources that were required in the manufacturing of commodities also played a great role in the rise of industrialization in America. America was endowed with vast natural resources, which formed the foundation for the rise of industrialization. Considering that natural resources such as steel, coal and oil were not to be imported, but simply to be obtained domestically, then, a manufacturing system that would take advantage of these resources had to be established, paving way for industrialization. Most significantly however, is the fact that foreign investment, availability of labor and technological innovation played a major role in the rise of industrialization in America4. There was a massive wave of investors shifting from the already industriali zed countries such as Britain, Germany and France, who came with a wealth of experience and capital to spark off the industrial growth. Coupled with that was the technological innovation that was occurring in America, which had resulted to the discovery of more efficient and highly productive systems. The foreign investors were able to invest and

Culture and purchase intention for luxury consumption Literature review

Culture and purchase intention for luxury consumption - Literature review Example ect of culture has become more relevant in the globalized world where organizations are targeting the international market in a strategy to increase their revenue. Cultural aspects such as attitude, religions, behavior and information-access influence the consumer decision making process. The hospitality and tourism industry have faced a big challenge while targeting this portion of the customer profile as they enter new markets (Truong, McColl & Kitchen, 2009). Understanding the intention of consumers as they buy luxury products is a priority if such companies have to suit the needs of their target market. The purpose of this review is to establish cultural influence within the luxury market and how this may impact a tourism and hospitality industry. While there is a concession that different countries have different luxury consumption patterns, the influence of culture in this market still remains a contentious issue (Blevis et al., 2007). Secondly, the review seeks to analyze the customer intention and the way culture impacts on this intention within the luxury market. The priority of any managers is to satisfy customers, which can only be accomplished when companies understand customers’ purchase intentions. Through a critical review, the article will analyze the impact of culture and customer intention in the purchase of luxury brands and provide conclusions and implications for the analysis. Therefore, the article will provide a platform through which luxury companies can launch successful brands that satisfy the global luxury market. The luxury market has become one of the potential investment markets in the 21 century. Currently, the luxury market is estimated to have a value of over 300 billion Euros and statistic projections shows that the market is rapidly growing. The luxury market is expected to grow by more than 7% percent each year, which promises high revenue in the future of the market. Besides, countries such as Middle East that have shown