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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 because the
companies that choose to fulf .... Middle of paper
.... 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 industrialization in several ways. F ....
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Number of words: 439
Number of pages: 2 (approx. 250 words per double-spaced page)
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