England: Birthplace of the Industrial Revolution and its Global Impact
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England, Home of the Industrial Revolution
This kingdom was small but industrially a head movement, its leadership for a century due to the following conditions:
- It was the nation most favored by the commercial revolution.
- It had obtained the most valuable colonies in the Western Hemisphere.
- A large proportion of profits from overseas trade was available for productive investments.
- Its military expenditures were lower, and it had excellent administration.
- Nowhere else in society was trade as developed; it was organized as a legal business and had the best banking system in Europe.
Impact of the Industrial Revolution
- The development of capitalism and the rise of the bourgeoisie in the 19th century.
- The Industrial Revolution brought commercial development