The Economic Underpinnings Of The First Industrial Revolution In England
Beginning of paper
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 paper
.... the use machine tools . The technology developed for military manufacturing
then spilled over into the civilian sector of the economy. And because it was
now a tested technology investors who were normally cautious were willing to put
their capital into these ventures which instead of pouring iron to make guns 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 ....
------------------
Word count: 439
Page count: 2 (approximately 250 words per page)
