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The Economic Underpinnings Of The First Industrial Revolution In England
Part 1 of Paper
....ings of the first industrial revolution in Britain.
Military manufacturing supported by the British Government contributed directly
to technological innovation and spurred industrialization. This is because the
companies that choose to fulfill the government contracts to make military
munitions found money could be mad.... Part 2 of Paper
.... now
made iron ore into stoves and pots.
The second critical underpinning of the first industrial revolution was
the development of a home market in Britain. The first British industrialists
manufactured textiles; specifically cotton for the home market. The growth of
the home market in Britain promoted industrialization in several ways. First, it
was a steady market which able to cushion the export market which was very
dynamic and had sudden fluctuations. This allowed a steady rate of.... |
| Number of words: 439 - Approximate pages: 2 |
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