Globalization

Three centuries ago, little did the world know about the consequences an Industrial Revolution would bring. When major changes in agriculture, manufacturing, mining, transportation, and technologystarted spreading throughout Europe, no one took the time to stop inventing and start thinking about the future, the consequences and the “what will happen next”. True, the revolution brought manyadvantages to some countries like new technology and wealth. However, as the industrialized nations became richer, many others fell behind. The desire for more wealth is not a bad thing; on the contrary,it is a great thing for people to feel motivated. The strive for wealth becomes unacceptable when people go to the extent of forcing children to work. Child labor is another reason people nowadaysfrown at the Industrial Revolution. Modern-day governments and economic systems stimulate both arguments stated before. The wealth of nations and child labor are both problems that need to be solved inorder to say any type of government or economic system is working at its best.

Before the Industrial Revolution came the Schools of Economic thought. All three schools had different viewpoints on howeconomics in a society would work. Scholasticism, for example, never truly permitted the wealth of nations due to the domain of the Church. The wealthy were the usurers who took advantage of thepeople. Second came Mercantilism, which allowed some accumulation of wealth. And finally, there’s the Liberal School, which allows everyone to do as they please, including getting rich however they can.After every new school would come out, the people’s desire for wealth grew. Besides Scholasticism, neither school set a limit on how wealthy a person could be. This led to rich countries becomingricher, and poor countries becoming poorer, thus widening the gap that used to separate both classes.

It was not until the Industrial Revolution that the idea of child labor came afloat. Children were...