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The Economic Underpinnings Of The First Industrial Revolution In England
Part one 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 technological innovation and spurred industrialization. This is because the
companies that choose to fulfill t ...
Part two of term paper ... technology.
But in military manufacturing the government was the investor and was
unconcerned with the manufacturing technology as long as the product was
delivered on time. Many technological 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 ...
Word count: 439 | Approximate pages: 2
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