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A Roberts loom in a weaving shed in the United Kingdom in 1835. The nature of the Industrial Revolution's impact on living standards in Britain is debated among historians, with Charles Feinstein identifying detrimental impacts on British workers, whilst other historians, including Peter Lindert and Jeffrey Williamson claim the Industrial Revolution improved the living standards of British ...
The British government's concern for commercial interests was also important. The steam engine allowed for steamboats and the locomotives, which made transportation much faster. By the mid-19th century the Industrial Revolution had spread to Continental Europe and North America, and since then it has spread to most of the world.
A classical example of this mechanism is said to be the triangular trade, which involved England, southern United States and western Africa. Some have stressed the importance of natural or financial resources that Britain received from its many overseas colonies or that profits from the British slave trade between Africa and the Caribbean ...
The Industrial Revolution saw a rapid transformation in the British economy and society. Previously, large industries had to be near forests or rivers for power. The use of coal-fuelled engines allowed them to be placed in large urban centres. These new factories proved far more efficient at producing goods than the cottage industry of a ...
The United Kingdom, where the Industrial Revolution began in the late 18th century, has a long history of manufacturing, which contributed to Britain's early economic growth. During the second half of the 20th century, there was a steady decline in the importance of manufacturing and the economy of the United Kingdom shifted toward services.
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
During the Industrial Revolution Britain’s economy had begun to boom, to keep it booming the City of London needed a whole new set of financial machinery. The Bank of England was already in place, the Stock Exchange got going in 1773, and in 1771 Lloyds underwriters established their own premises just down the road.
The working conditions for "drawers" exemplify some of the changes following the Industrial Revolution. The Condition-of-England question was a debate in the Victorian era over the issue of the English working class during the Industrial Revolution. It was first proposed by Thomas Carlyle in his essay Chartism (1839).