Description: Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and eighteenth centuries. He shows that in Britain wages were high and capital and energy cheap in comparison to other countries in Europe and Asia. As a result, the breakthrough technologies of the industrial revolution - the steam engine, the cotton mill, and the substitution of coal for wood in metal production - were uniquely profitable to invent and use in Britain. The high wage economy of pre-industrial Britain also fostered industrial development since more people could afford schooling and apprenticeships. It was only when British engineers made these new technologies more cost-effective during the nineteenth century that the industrial revolution would spread around the world.
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Location: Hillsdale, NSW
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EAN: 9780521687850
UPC: 9780521687850
ISBN: 9780521687850
MPN: N/A
Item Length: 22.6 cm
Number of Pages: 342 Pages
Language: English
Publication Name: The British Industrial Revolution in Global Perspective
Publisher: Cambridge University Press
Publication Year: 2009
Subject: Economics, History
Item Height: 227 mm
Item Weight: 550 g
Type: Textbook
Author: Robert C. Allen
Item Width: 152 mm
Format: Paperback
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