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The Economic Underpinnings Of The First Industrial Revolution In England
Beginning of essay
The manufacture of military munitions and the development of a home
market were critical underpinnings of the first industrial revolution in Britain.
Military manufacturing supported by the British Government contributed directly
to technological innovation and spurred industrialization. This is b ....
Middle of essay
.... the export market which was very
dynamic and had sudden fluctuations. This allowed a steady rate of growth even
when exports fell. Second, the home market started the process of urbanization
by causing people to leave the agricultural sector of the economy and move to
the cities to work in the cotton and textile factories. This urbanization had a
snowballing effect throughout the economy because it caused other business and
factories to open in the cities to support this new urban class. Third,.... |
| Number of words: 439 |
Approximate pages: 2 |
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