The Glorious Revolution changed the way that the English thought about their economy. The proponents of an economic ideology that justified the power of the landowners became less influential. The proponents of an ideology that emphasized the value of labour, and the role of manufacturing and trade in realizing this value, became more influential…
Category: history of economic growth
The Industrial Revolution
Britain experienced a period of rapid technological innovation during the late eighteenth and early nineteenth centuries. The way in which work was done changed radically, and British goods rose to dominance in markets around the world…
The Steam Engine
The steam engine is generally considered to be the most revolutionary invention of the Industrial Revolution. It would power a new generation of industrial machinery; and it would give rise to two transportation technologies, railways and steamships, that would stitch the world together…
The Scientific Revolution, the Enlightenment, and the Industrial Revolution
The Industrial Revolution was influenced by both the Scientific Revolution and the Enlightenment…
Why Did the Industrial Revolution Happen in Britain in the Eighteenth Century?
The central feature of the Industrial Revolution was technological innovation on an unprecedented scale, so explaining the time and place of the innovation is tantamount to explaining the time and place of the Industrial Revolution. Why did this wave of innovation occur in Britain in the eighteenth century?
The Second Industrial Revolution
The Second Industrial Revolution (1870-1914) was characterized by a close connection between science and technology. Science was developing: chemistry acquired its atomic foundations, for example, and the scientific study of electricity began. The extension of scientific knowledge gave technicians more avenues to investigate…
The Division of the World
W. Arthur Lewis explains how the world divided into manufacturers and primary producers…
