Essays on Forces of Industrialization in Britain Report

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The paper "Forces of Industrialization in Britain" is a great example of a report on macro and microeconomics. For many years, the world has continued to witness a high level of the industrial revolution. For instance, in many parts of Britain, industrialization started taking place over two centuries ago. During this time, different manufacturing companies did emerge and which to a greater extent tended to transform the lifestyle of many regions economically, socially, and politically (Appleby 2010). However, some parts remained untouched for relatively long. The question that arose during this time is if industrialization was witnessed in all parts of Britain.

Since during this time there was a slow increase in national income associated with gradual growth, many of the people could argue that the industrial revolution did actually take place across the country. However, this notion has been denied by leaders including the Prime Minister of Britain David Cameron. According to him, the changes witnessed in various sectors of the economy across the country even up to today, are a result of the revolution that took place during the eighteenth and the nineteenth centuries.

The objective behind this exercise is to help discuss the major forces that led to the industrial revolution in Britain, during the eighteenth and nineteenth centuries and finally, how the industrial revolution altered the economy of the country. Forces of the industrial revolution Prior to the industrial revolution, the world especially the countries from the west had already experienced what was termed as an agrarian revolution. However, despite the fact that the agrarian revolution was considered as the major source of power and economic growth, the story of development could not end as many countries later on matched to what is called the industrial revolution.

In Britain, the story was the same and this was a result of a number of forces. Demand A demand which is in the number of goods and services that the markets need to meet the needs was a major force for the kind of industrial revolution that was witnessed in Britain during the eighteenth and nineteenth centuries. Demand was both from the local and overseas markets. To start with, it is highly argued that the kind of industrial revolution that was witnessed in Britain during this period as a result of the commercial revolution that was being witnessed in many parts of the world (Clark 2007).  

References

Allen, R. C. (2009). The British Industrial Revolution in a Global Perspective. London: Edward Arnold.

Appleby, J. (2010). The Relentless Revolution: A history of Capitalism. London: Routledge.

Clark, G. (2007). A Farewell to Alms: A Brief Economic History of the World. New York: Princeton University Press

Gatrell, P. (2004). "Farm to factory: a reinterpretation of the Soviet industrial revolution". The Economic History Review, 57(4), p. 794-798.

Gauci, P. (2006). Emporium of the World: The merchants of London, 1660-1800, London: Edward Arnold.

McCloskey, D. (2004). "Review of The Cambridge Economic History of Britain (edited by Roderick Floud and Paul Johnson)". Times Higher Education Supplement, p. 15.

Mokyr, J. (2010). The Enlightened Economy: An Economic History of Britain, 1700-1856, London: Routledge.

More, C. (2000). Understanding the Industrial Revolution. London: Routledge

Snooks, G.D. (2000). Was the Industrial Revolution Necessary? London: Routledge

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