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Cambridge University Press The British Industrial Revolution in Global Perspective (New Approaches to Economic and Social History)

Name: The British Industrial Revolution in Global Perspective (New Approaches to Economic and Social History)
Brand: Cambridge University Press
Price: 84.39 GBP
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Business & Economic History

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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.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521868270
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 09 April 2009
Listed Since: 19 October 2006

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Cambridge University Press The British Industrial Revolution in Global Perspective (New Approaches to Economic and Social History)

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