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The Economic Underpinnings Of The First Industrial Revolution In England
Part I 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 ind .... Part II of Essay
.... 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 industrialists
manufactured textiles; specifically cotton for the home market. The growth of
the home market in Britain promoted i ....
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Words: 439 - Pages: 2
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