Free Essay

Textile Industry

In:

Submitted By Gabdamato9
Words 628
Pages 3
D’Amato 1
D’Amato 1
Gabrielle D’Amato
TSEM
Writing Assignment #2

The Role of the Industrial Revolution

The Industrial Revolution took place in the 18th and 19th centuries. During this time period, societies in Europe and America lead to urbanization. For the first time, humans moved from an agrarian lifestyle to an urban lifestyle. Industrialization marked a shift in power, machinery, factories, and mass production. Prior to the Industrial Revolution, manufacturing was usually done in people’s homes, using their hands or basic machines. The Industrial Revolution is the name given to the movement in which machines changed people's way of life as well as their methods of manufacture. One specific manufactory that was transformed by this innovation was the way we produced clothes, which is now known textile industry. The textile industry can be described as industries that are primarily concerned with the design or manufacture of clothing as well as the distribution and use of textiles. Before machines and factories, people created textiles in their own homes, which required long tedious hours of hard work. They had the most basic equipment and provided themselves with all the raw materials. The problem with not being a legit foundry or business, led to people only working when they felt like working and on their own schedules. Either not enough products were being made or the results were inefficient. As the industrial revolution began to spread, the physical demand for labor was decreasing and required less energy for satisfying productivity through the use of inventions.
D’Amato 2
D’Amato 2

New inventions that began to emerge with the urbanizing of a new society, made everything more suitable. For example, “around 1764, Englishman James Hargreaves, invented the spinning jenny (“jenny” was an early abbreviation of the word “engine”), a machine that enabled an individual to produce multiple spools of threads simultaneously” (Industrial Revolution). Similarly, during the Industrial Revolution era, a lot of effort was made to increase the speed of the production through several inventions. It wasn’t just the Spinning jenny that got the job done, but instead, a series of developments were brought into existence. Such additions included, the flying shuttle in 1733, made by John Kay that allowed the ability to weave, and the flyer-and-bobbin system and the Roller Spinning machine by John Wyatt and Lewis Paul in 1738, were used together to draw wool at a more even thickness and to twist and spin thread quickly and efficiently. Textile manufacturing has come a long way, from domestic production using wool, cotton and flax in historical times. The demand for labor increased in factories and making clothes quicker became an organized industry, using spinning wheels and handlooms. Today, modern techniques, electronics and innovation have led to a competitive, low-priced textile industry offering almost any type of cloth or design a person could desire. According to Economy Watch’s article, The Textile Industry, “with its low cost labor base, China has come to dominate the global textile industry.” Who would have guessed that with the Industrial Revolution starting in Britain, now China has dominated one of its main impacts?
Looking back on how the textile industry used to be, we can thank the Industrial Revolution era for creating urbanization and changing the lives of humans for the better. The industrial revolution reduced the prices of goods because technologies reduced the cost of production. The industrial revolution changed society forever, specifically through the textile industry, but also generally, through all the other sectors it brought about as well. To live in such an advanced world today, it is hard to think of how the world really used to be. As humans, we must be thankful and not abuse or take advantage of the technology we have.
D’Amato 3
D’Amato 3

Similar Documents

Premium Essay

Textile Industry of Pakistan

...The aim of this report is to empirically analyze the relationship between interest rate, inflation, loan disbursed to textile sector, energy crises and yarn prices with textile sector growth in Pakistan during 2001 to 2011.Dependent variable is Textile sector growth Independent variables are Interest rate,, Inflation, Energy crisis, Price of cotton yarn and Loan disburses to textile sector. The aim of this report is to empirically analyze the relationship between interest rate, inflation, loan disbursed to textile sector, energy crises and yarn prices with textile sector growth in Pakistan during 2001 to 2011.Dependent variable is Textile sector growth Independent variables are Interest rate,, Inflation, Energy crisis, Price of cotton yarn and Loan disburses to textile sector. “Impact of Energy Crisis, Interest Rates and Inflation on Textile Sector of Pakistan” Term Report, Fall 2015 “Impact of Energy Crisis, Interest Rates and Inflation on Textile Sector of Pakistan” Term Report, Fall 2015 Submitted by: Zehra Hasan Zaidi, Sana Shamim,Hamza Nadeem, Abeer Salman Submitted by: Zehra Hasan Zaidi, Sana Shamim,Hamza Nadeem, Abeer Salman LETTER OF TRANSMITTAL 1st December 2015 The Course lecturer Analysis of Pakistani Industries Institute of Business Management Korangi Creek, Karachi. Dear Madam, SUBJECT: TERM REPORT We feel immense pleasure in presenting to your good self, the term report as part of our course requirement. We found this report to be truly challenging...

Words: 2546 - Pages: 11

Premium Essay

Textile Industry Analysis

...GST- HANDLOOM AND TEXTILE SECTOR INTRODUCTION The Textile industry contributes 2% to India’s GDP .India is the largest producer of cotton and jute and second largest producer of silk and manmade fibre and filament in the world. Cotton majorly dominates the yarn and the fabric stage. Who produces them? The handloom and textile weavers. Any loom which is operated manually is called a handloom whereas textile is a flexible material composed of natural or synthetic fibres, formed by weaving, knitting, knotting etc. The textile industry employs the maximum number of people after agriculture. It directly employs upto 50 million and indirectly upto 60 million people (approximately). The Goods and Services Tax (GST) is the biggest tax reform in India...

Words: 1896 - Pages: 8

Free Essay

Current State of Textile Industries in Bangladesh

...Current State of Textile Industries in Bangladesh Introduction: The textile and clothing sector is the largest manufacturing activity in Bangladesh. It provides direct employment to about than 5 million people, which accounts for 45 per cent of all industrial employment in the country. The sector contributes 10 per cent of the country’s GDP, 40 per cent of industrial value addition, and 78 per cent of export earnings. Major readymade garments exported by Bangladesh are knitted and woven shirts and blouses, trousers, skirts, shorts, jackets, sweaters and sportswear, and other fashion apparel. In the Table below provides a profile of Bangladesh’s textile and clothing sector. The sector can broadly be divided into primary textile sector (PTS) and export-oriented readymade garment (RMG) making sector. The PTS comprises spinning, weaving, and specialized textile units, traditional handloom sector and knitting and dyeing subsectors. Currently, there are now 350 spinning mills, 400 weaving firms, 310 dyeing and finishing units, and 4,500 garment factories. |Sub-sector |Number of units |Installed machine capacity |Production capacity |Employment | | | | | | | |Textile spinning |350 7.5 million |spindles |1...

Words: 6682 - Pages: 27

Free Essay

Working Capital Management in Textile Industries

...financial analysis is to determine comparable risk and return of companies and their securities. Financial statements include the * Balance Sheet * Income Statement * Cash Flow Statement * The financial statements are interrelated and are used and analysed together. Methods of financial statement analysis are divided into two general categories, internal analysis and comparative or external analysis. * Internal analysis uses figures from the financial statements of any one date or period to gain an understanding of the customer. Comparative analysis is used to determine trends when two or more successive sets of figures are reviewed, or is used to evaluate the company's financial statement against industry standards. * These methods are used separately or in combination. They are part of the tools that enable experienced credit professionals to reach a credit decision. Financial statements are spread and analyzed, with appropriate ratios and flows calculated as an aid in the customer evaluation. As an important first step in internal analysis, the financial statements are examined for validity and general correctness. After the statement has been accepted as valid and reasonably accurate, ratios are calculated and the figures analyzed. Internal analysis calls for an...

Words: 13940 - Pages: 56

Premium Essay

Francis Cabot Lowell's Impact On The Textile Industry

...Many influential businessmen created key steps in textile manufacturing. Machines had been created to turn cotton to thread, or thread to fabric. However, Francis Cabot Lowell was the first to condense the complicated process to a procedure that could take place under one roof. Francis Cabot Lowell’s invention of the cotton mill impacted the textile industry. Textile producers were able to be much more productive in their manufacturing. People in the industry had direct access to competition to England, which strengthened America’s economy. Many jobs were needed, and young female workers were impacted as many were hired. His invention made fabric production easier than ever. Lowell was not originally in the textile industry. He was in the commercial...

Words: 900 - Pages: 4

Free Essay

The Role of Technology in the Growth of the Philippine Textile Industry

...By: Janina Mae Almirez Industrial Analysis International Master of Business Administration Chung Yuan Christian University November 15, 2012 ABSTRACT The rise of globalization has shifted the manufacturers of textile and apparel to many different parts of the world in search for cheaper labor and maximization of profits. Trade liberalization also means that the world can be your market, and that everyone can be your competitor. We examine the current state of the Philippine textile industry in this context, and the role that technology plays in an industry that is struggling to survive in the face of stifling competition. The Philippines textile industry has suffered steady decline in the past several decades despite starting out strong in its early stages. This study aims to explore the potential for growth of the Philippine’s textile industry given a boost in more advanced technology and innovation. The author focuses on technology because this is the one thing that other countries have already adopted, and with which the Philippines has still yet to fully embrace, partly due to lack of funding and government support. This study will look at the Philippine textile industry’s production output from the year 2000-2010, and aims to establish a relationship between the production volume and the number of patents awarded to innovators within the Philippines, which will be used as a measure of the country’s technological advancement. This research used regression analysis...

Words: 2166 - Pages: 9

Premium Essay

Market Failure of Textile Industry

...will be on external cost and how Bangladesh’s textile industry has contributed to market failure. Overview of Bangladesh’s Textile Industry Textile industry is the second largest industry in the world next to agriculture. Bangladesh has emerged, in just under a decade, as the twelfth largest textile manufacturing nation in the world. This industry has been one of the most success stories of Bangladesh over the last two decades. Textile industries are one of the largest and vital industrial sectors of Bangladesh with regard to earning foreign exchange and labor employment, providing 4.5 million jobs of which 80% are women and contributes 13% to GDP. A huge 78 percent of the country’s export earnings come from textiles and apparel, according to the latest figures available. Bangladesh exports its apparel products worth nearly $5 billion per year to the United States, European Union, Canada and other countries of the world. It is the sixth largest apparel supplier to the United States and EU countries. Combined, the textile and apparel sectors consist of 3,600 firms. There is a concentration of manufacturing activity in and around the capital city of Dhaka and a growing garment manufacturing presence in the country’s export processing zones. Environmental hazard arising from textile industry The textile industry, being the second largest industry in the world is also considered as the most ecologically harmful industry. It has been condemned as being one of the world’s...

Words: 1814 - Pages: 8

Free Essay

India Textile and Paper Industry

...WEDNESDAY, 15 JULY 2009  India’s Cotton & Textile Industry: Main Points  v India’s  textile  and  clothing  industry  contributes  4%  per  cent  to  Gross  Domestic Product, 14 per cent in industrial production and 12 per cent in  export earnings.  v It is the second  largest  industry  providing  employment after agriculture.  It provides employment to around 35 million people.  v First  Cotton  Mills:  The  first  Indian  cotton  cloth  mill  was  established  in  1818  at  Fort  Gloaster  near  Kolkata,  albeit  this  mill  was  a  failure.  The  second  mill  which  was  established  by  KGN  Daber  in  1854  is  called  the  true  foundation  of  modern  cotton  industry  in  India.  Its  name  was  Bombay Spinning and weaving Company, Bombay.  v Bad  Effects  of  Partition:  Partition  of  India  in  1947  affected  Indian  cotton  industry  badly.  Most  of  the  weavers  who  were  Muslims  migrated  to Pakistan. There were 394 cotton mills in India before  partition,  out of  this  14  mills  went  to  Pakistan.  Remaining  380  mills  which  were  left  in  India.  However  40  %  cotton  producing  area  became  area  of  Pakistan.  Thus India was forced to import raw cotton to keep the mills alive.  v Development  Starts:  Till  the  year  1985,  development  of  textile  sector  in India took place in terms of general policies. In 1985, for the first time  the  importance  of  textile  sector  was  recognized  and  a  separate  policy  statement  was  announced ...

Words: 1257 - Pages: 6

Free Essay

Performance of Textile Industry in Industrialisation: a Study with Reference to India

...PERFORMANCE OF TEXTILE INDUSTRY IN INDUSTRIALISATION: A STUDY WITH REFERENCE TO INDIA INTRODUCTION Prosperity of any nation is extremely difficult without industrial development – is a well established truth for all the economies – developing or developed. Economic development and industrialization have became so closely integrated with each other that progress of an economy is now accessed from the success it has achieved in transformation from agricultural set up into a industrial set up. Through industrialization a situation is created whereby many industries are set up rapidly and ultimately backward areas are converted into economically developed areas and backward economies into developed economies. Industrialization, infact is a composite term which involves a number of structural changes such as changes in the production techniques, factor intensities, industrial employment and output. Industrialization is not only a way to increase output or national income but is a means of introducing modern technology and changing ways of life and finally the structure of the economy because of its self-reinforcing quality. But the all above cannot be executed without a well planned industrial policy. The industrial polity provides direction to the pace of industrialization and industrial development. Hence, to industrialize the country, India too, framed industrial policy which was amended, modified and reoriented several times. The First Industrial Policy was framed in 1948...

Words: 6332 - Pages: 26

Free Essay

Textile Industry

...The textile industry, in particular, was transformed by industrialization. Before mechanization and factories, textiles were made mainly in people’s homes (giving rise to the term cottage industry), with merchants often providing the raw materials and basic equipment, and then picking up the finished product. Workers set their own schedules under this system, which proved difficult for merchants to regulate and resulted in numerous inefficiencies An innovation was something that was already created but someone made it better than the previous or first product before it. Impact of innovation was again either good or bad because it depended if the innovator made a better product than the original one and adjusted it to make it work better. Because not always is the first person’s invention works out in all scenarios so that is why people adjusted it constantly for example a phone. It keeps on getting better and better with new features and things like that. series of innovations led to ever-increasing productivity, while requiring less human energy. For example, around 1764, Englishman James Hargreaves (1722-1778) invented the spinning engine a machine that enabled an individual to produce multiple spools of threads simultaneously. By the time of Hargreaves’ death, there were over 20,000 spinning jenny’s in use across Britain. The spinning engine was improved upon by British inventor Samuel Compton’s (1753-1827) spinning mule, as well as later machines. Another key innovation...

Words: 380 - Pages: 2

Free Essay

Textile Sector

...New textile policy brings in Rs 3,800 cr investment The Hindu Business Line: October 22, 2012 Mumbai: The textile sector is on the upswing in Maharashtra due to the new textile policy. Since April, the State has managed to attract Rs 3,834 crore in investments in 411 new textile projects, said State Textile Minister Arif Naseem Khan on Monday. Addressing the media after reviewing the process of policy implementation, Khan said that the new projects would provide about 30,000 jobs in the State. Most of the investment has happened in cotton spinning and ginning units. Textile companies are keen to set up units in Vidarbha, Marathwada and the Khandesh due to the ready supply of cotton, he said. “Due to the policy, the sector is likely to get Rs 40,000 crore investment in the next five years and generate employment for 11 lakh people,” Khan said. Khan said that the policy was not a single-window policy but a ‘zero-window policy,’ in which projects would not come to the Government for clearance, The due diligence is done by banks. If a company manages to get its loan sanctioned under the Technology Upgradation Fund Scheme from banks, then it is eligible for subsidy, he said. The Union Government initiated the Scheme in 1999, and it has attracted over Rs 4 lakh crore investments in the sector, as of date. Textile Secretary Sunil Porwal said that all the 411 projects have achieved financial closure. For the Rs 3,834 crore investments, about Rs 400 crore will be the subsidy...

Words: 2566 - Pages: 11

Premium Essay

The Travels of T-Shirt

...in the US, sold in the US, and then recycled or sold again as second hand clothing in Africa. The t-shirt enters its first free market in third world countries as mitumba, or used clothing donated by people in wealthy countries. It was an interesting journey and Rivoli’s style makes the story entertaining. Through her discussion of the t-shirts life, I grew disgusted with the rampant protectionism surrounding the US textile industry. Rivoli describes how cotton is subsidized and tariffs are levied against imported raw cotton and imported textiles. In addition, there are quotas for textile imports. Although Rivoli maintains a balanced perspective on protectionism and globalization throughout her book, it’s evident that these protections benefit only the US cotton and textile industry, to the detriment of many other parties. Protectionism saves US jobs, advocates say. It also saves profits for inefficient US industry. Without these protections, some US workers would inevitably loose their jobs. Many foreign countries can produce cotton and weave textiles for a much lower rate than the US can....

Words: 1779 - Pages: 8

Premium Essay

Termpaper

...Garment Factory Compliance • Home • About • Top of Form [pic][pic] Bottom of Form [pic]Indian Textile Industry and Garment Exports November 28, 2012 Disha Leave a comment The Indian textile industry is one of the largest industries in the world, with a huge raw material and textile manufacturing base. The industry occupies a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products. This large and ancient industry has carved out a special niche for itself as a facilitator of the county’s economic growth and participative development. Textile industry in India is a highly versatile sector, with smaller firms providing flexibility needed for smaller orders; the larger firms have the capacity to service the world’s biggest buyers. The Government of India has also undertaken several favourable policy initiatives, which have resulted in the growth of the sector. “Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country’s gross domestic product (GDP) and 16.63 per cent to export earnings,” as per Ministry of Commerce and Trade, India. Major destination for Indian garment exports The USA is the number one destination for the exports of Indian apparels. During 2011, the garment imports to the USA from world were around US$ 81.51 billion. India exports garments of worth US$ 3.53 billion to the USA, which accounts for 4.33 per cent share in the USA’s total...

Words: 18280 - Pages: 74

Free Essay

Textile Insdutries Guatemala and India

...Introduction The following investigative document presents an overview of the textile industries in two emerging countries: Guatemala and India. The document analyses, compares and contrast the differences in the institutional structures of both countries and offers specific details and analysis of the textile industries for local and international businesses. Guatemala Republic of Guatemala is located in Central America bordered by Mexico to the North, the Pacific Ocean to the southwest, and Belize to the North East Honduras and El Salvador to the southeast. The country is mountainous with small desert and sand dune patches, having many hills filled with people, except for the south coastal area and the vast northern lowlands of Petén department. Two mountain chains enter Guatemala from west to east, dividing the country into three major regions: the highlands, where the mountains are located; the Pacific coast, south of the mountains; and the Petén region, north of the mountains. All major cities are located in the highlands and Pacific coast regions; by comparison, Petén is sparsely populated. These three regions vary in climate, elevation, and landscape, providing dramatic contrasts between hot and humid tropical lowlands and colder and drier highland peaks. Volcán Tajumulco, at 4,220 meters, is the highest point in the Central American states. Demographics Guatemala is a country of youth; 70% of its population is less than thirty years old. The capital...

Words: 4120 - Pages: 17

Free Essay

Industry Analysis

...Executive Summary III. Industry Analysis A. Environmental Analysis The competition between businesses within the textile and clothing industry has always been steep. The change in lifestyle combined with the fast changing trends has left entrepreneurs with the challenge of keeping pace with the demand of the consumers. With KRaze-Zip’s fresh, unique, and high in quality yet economical products, it is in the best position to answer such growing needs. The Clothing Accessories Industry Today Since KRaze-Zip will be selling clothing accessories, it will be penetrating the clothing and textile industry. The clothing and textile industry has been a declining industry in the Philippines since 2005. This decline is due to the MFA (Multi-fiber Agreement) phase out and lowered of trade quotas which greatly affected the Philippines due to its inability to compete with countries with lower wage costs. Aside from this, the global crisis in 2008 has also led to the decline of the industry not only in the Philippines, but also worldwide. However, the textile and clothing industry remains to be Philippines’ second largest industry based on the number of establishments according to the survey released by the National Statistics (August 29, 2012). Out of 4, 643 manufacturing firms employing 20, 7.5% or a total number of 347 establishments came from the wearing apparel industry. Meanwhile, the industry generated 85, 805 jobs in 2010 (latest...

Words: 1730 - Pages: 7