Factories Come Up

4 Factories Come Up

Description

Quick Overview

This section discusses the emergence of factories in India during the industrial age, focusing on key entrepreneurs, workforce dynamics, and the changing landscape of industrial production.

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The section details the development of the first cotton and jute mills in India, highlighting the roles of various entrepreneurs and the sourcing of labor. It also examines the impact of these changes on traditional industries and the shift towards a factory-based economy, marking a significant transformation in Indian industrial history.

Detailed

Factories Come Up

In this section, we explore the rise of industrial factories in India during the 19th century. The first cotton mill was established in Bombay in 1854, followed shortly by jute mills in Bengal. Key entrepreneurs like Jamsetjee Jeejeebhoy emerged from various backgrounds, utilizing capital gained from trade, particularly with China. As factories grew in number, a significant transformation occurred in the workforce, with many peasants and artisans migrating to industrial centers for employment. By 1901, there were 584,000 workers in Indian factories, and this number steadily increased over the years.

Despite the growth of factories, traditional industries faced challenges, especially with the influx of British manufactured goods that flooded the market. Entrepreneurs found themselves adapting to new economic conditions while managing the growing demands of factory work and the complexities of labor relations. The section effectively underscores the intricate relationship between emerging factories and existing crafts, illustrating the complexities of industrialization in colonial India.

Key Concepts

  • Entrepreneurship: The process of starting and managing a business.

  • Industrial Growth: The expansion of industries and factories in a region.

  • Migration Patterns: Movement of labor from rural to urban areas in search of industrial work.

  • Traditional vs. Modern Industry: The contrast between artisanal crafting and factory production.

Memory Aids

🎵 Rhymes Time

  • Factories arose, with trade they did pair,

📖 Fascinating Stories

  • Once upon a time in Bombay, a seeker of trade, Jeejeebhoy found a new way, building mills that never fade.

🧠 Other Memory Gems

  • Remember 'I.T.E.' - Industrialization, Trade, Employment to grasp the main ideas behind the factories.

🎯 Super Acronyms

F.A.C.T.O.R.Y - First cotton mills, Advancing trade, Changing labor, Technological shifts, Opening new markets, Rural to urban migration, Yeoman spirit.

Examples

  • The establishment of the first cotton mill in Bombay in 1854 exemplifies the beginning of factory-based production in India.

  • Entrepreneurs like Jamsetjee Jeejeebhoy played pivotal roles in the growth of Indian industries through capital accumulated from trade.

Glossary of Terms

  • Term: Entrepreneurs

    Definition:

    Individuals who start and manage businesses, taking on financial risks in order to do so.

  • Term: Industrialization

    Definition:

    The development of industries in a country or region on a wide scale.

  • Term: Migration

    Definition:

    The movement of people from one place to another, often for work or better living conditions.

  • Term: Competition

    Definition:

    The rivalry between businesses or individuals to attract customers or secure resources.

  • Term: Traditional Industries

    Definition:

    Industries that rely on artisanal methods and local materials rather than mass production techniques.