Important factors leading to industrial revolution

Essay by neilcolwellCollege, UndergraduateA+, March 2006

download word file, 6 pages 0.0

Nowadays, it is almost taken for granted that the industrial revolutions are the

result of changing technology and the proper application of that in the industrial

production. However, from my point of view, these two factors did play a vital role in

stimulating industrial revolutions, but they were not the only catalyzer propelling

monumental development in industry. Influentially, the improvements in

organizations of politics, social patterns, commerce, finance, and transportation also

accounted for the prosperous phenomenon in the industrial revolutions. In this paper ,

I am going to compareBritain in the First Industrial Revolution with the United

States during the timeframe of Second Industrial Revolutions, and show how the

political , social, financial and transportation change encouraged the two countries

moving into industrial revolution.

1. Political change

Both Britain and the United States sufficiently benefited from the political

changeover, in the form of favorable government policies to boost up the

economy to a whole new level, that is , the industrial revolution.

In Britain , the 1688 Glorious Revolution was regarded as the turning point in

the evolution of British government, which assured the rise of limited monarchy.

Since then, it would be impossible to govern without Parliament. Several years later,

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in 1689, the Bill of rights was enacted in favor of the right to own private property,

which also indicated that Britain henceforth steppped in the era of modern liberal

democracy. This action was served as political support for creating efficient

credit(financial, banking) system in the futrure. With the political recognition of

property rights, togother with the provisions of financial system, an increasing number

of business began to engage in intra-conlonial trade, and the economy was expanded

through this way. However, although the property of rights was recognized, it also

ensured tah tthe property rights of the...