Industry, Ideology, and their Global Impact, 1700-1912 Assignment

Industry, Ideology, and their Global Impact, 1700-1912 - Assignment Example Thirdly, the period also experienced the development of new working tools and equipment. Lastly, there was the development of new energy sources as well as innovation of production processes that maintained efficient use of power. During the Industrial Revolution, the textile industry was adversely affected in terms of capital invested, employment and the value of output obtained. Most scholars believe that the industrial revolution began in the Great Britain. In this regard, the revolution was initiated by agricultural transformations (in form of changes in the methods of stockbreeding and farming) resulting in increased agricultural output. The British government was able to feed its citizens by providing food at lower price while using less labor (Hatch, 1998). Eventually, there was fast increase in population that provided surplus labor. Ultimately, the British government introduced new industries, such as cottage industries that provided employment to rural workers. Additionally, Britain also had excessive capital for investment in new machinery. The capital accumulation also included profits obtained from the cottage industry. In addition, the well-developed British Central Bank provided flexible credit facilities that provided essential capital to prospective investors. The bank facilitated capital transactions through paper instrument, a service that was novel and was not offered elsewhere in Europe. Additionally, Britain had developed a culture where individuals were solely interested in making profits, business expansion and accumulation of wealth, individually or as a group (Hatch, 1998) . In this regard, most business organizations were often risky, open (hardly considered experience and skills) and were very profitable. Britain was highly endowed with essential minerals such as iron ore and coal. These minerals provided raw materials for the established manufacturing industries. Britain was a small country

What is the main difference between Aristotle's account of virtue and Essay

What is the main difference between Aristotle's account of virtue and Socrates' account of virtue Who has the more plausible view - Essay Example In this way, Aristotle has accepted the Socrate’s account of virtue as related to courage but he is differentiated from Socrates to the following point: courage, which, in the form of knowledge, is for Socrates the basis of virtue (Kahn 1998, p.85), is considered for Aristotle just an element of virtue; the latter, in accordance with Aristotle, is likely to be influenced from other elements and values, such as eudaimonia (Klosko 2006). The differences regarding the views of Socrates and Aristotle on virtue are analytically presented below; explanations are given, as possible by referring to the relevant texts. Also, suggestions are made regarding the potential limitation of the distance between the views of Socrates and Aristotle on virtue and its elements. The key difference between Aristotle’s account of virtue and Socrates’ account of virtue is highlighted in the study of Achtenberg (2002); in accordance with the above researchers, Socrates emphasized on virtue as knowledge, while Aristotle considered virtue as related to the behavioural characteristics of each individual; in the context of Aristotle’s account of virtue, virtue is an element of human behaviour which requires the emotional development of the person involved (Achtenberg 2002, p.24). From this point of view, minors cannot have virtue – at least not in its full form – since their emotional development is still in progress. The importance of knowledge as a criterion for virtue has been the key characteristic of Socrates’ account of virtue. Curren (2000) noted that Plato accepted the view of Socrates that ‘wisdom is a key element of virtue’ (Curren 2000, p.48). It is on this basis that the suggestions of Plato on education have been based. Taking into consideration the fact that virtue can be taught, as Socrates supported, Plato developed the framework