The document discusses the economic and cultural transformations that occurred during the Industrial Revolution. It began in the late 18th century in Britain and led to changes in how people lived and worked. Factories replaced manual labor and agriculture. This industrialization marked a major shift that influenced all aspects of daily life and led to unprecedented growth in population and average incomes over the next two centuries. Cultural values and ways of life also changed as societies modernized and new technologies influenced social and economic systems globally.

1. ECONOMIC AND CULTURAL
TRANSFORMATION
MAJO SOSA
AIMEE MELLADO
203

2. INDUSTRIAL TRANSFORMATION
 Change all aspects of life. It started in
London, in the middle of the 1750, started to
spurred on inventions. It changed the way
people worked, and all aspects of life.
 Industralization: accelerated rapply

3. INDUSTRALIZATION
 Is the period of social and economic change
that transforms a human group from an
agrarian society into an industrial one
 It is a part of a wider modernisation process,
where social
change and economicdevelopment are
closely related with technological innovation,
particularly with the development of large-scale
energy andmetallurgy production.

4. TRANSFORMATION OF CULTURE
 Transformation of culture, or cultural change,
to the dynamic process whereby the
living cultures of the world are changing and
adapting to external or internal forces. This
process is occurring withinWestern culture as
well as non-Western and indigenous cultures and
cultures of the world. Forces which contribute to
the cultural change described in this article
include: colonization, globalization, advances
in communication, transport and infrastructure i
mprovements, and military expansion.

5. ECONOMIC
 The factory system changed the way people
lived and worked, itroduccing a variety of
problems.

6. ECONOMIC AND CULTURAL
TRANSFORMATIONS
 is the branch of economics that studies the
relation of culture to economic outcomes.
Here, 'culture' is defined by shared beliefs and
preferences of respective groups.
Programmatic issues include whether and
how much culture matters as to economic
outcomes and what its relation is
to institutions.

7. SOCIAL AND ECONOMIC
 Social and economic systems throughout the
world are becoming more complex and
interdependent, and globalization is moving
beyond the sphere of economics to engulf
other aspects of life, particularly culture and
security. Our current theories, strategies, and
road maps are fast becoming out-dated and
no new ones have emerged to take their
place.

8. TRANSFORMATION OF CULTURAL
 The culture of your organisation is a reflection of the
values and beliefs of the current leaders of your
organisation, and the values and beliefs of past
leaders that have been institutionalised in the
incentives, policies, structures, systems, processes
and procedures implemented during previous times.
 The culture of an organisation can best be defined as
“the way things are done around here.” In order to
change “the way things are done around here,” you
not only have to change the behaviours of the
current leaders and managers, you also have to
change the institutionalised legacy of the past
leaders.

10.  The Industrial Revolution marks a major
turning point in human history; almost every
aspect of daily life was eventually influenced
in some way. Most notably, average income
and population began to exhibit
unprecedented sustained growth. In the two
centuries following 1800, the world's average
per capita income increased over 10-fold,
while the world's population increased over
6-fold.

11.  In the words of Nobel Prize winning Robert E. Lucas,
Jr., "For the first time in history, the living standards
of the masses of ordinary people have begun to
undergo sustained growth. ... Nothing remotely like
this economic behavior has happened before.
 Starting in the later part of the 18th century,
there began a transition in parts of Great
Britain's previously manual labour and draft-animal–
based economy towards machine-based
manufacturing. It started with the
mechanisation of the textile industries, the
development of iron-making techniques and the
increased use of refined coal.

12.  Trade expansion was enabled by the
introduction of canals, improved roads and
railways.