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This is a short summary of the paper
The Economic Underpinnings Of The First Industrial Revolution In England

Start of Term 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 technologi ....

Middle of Term Paper
... advances were made through military manufacturing some of these were new ways to manufacture iron, conveyer belts, and 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 industrialists manufactured te ...

Number of Words: 439 Approximate Pages: 2

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