IntroductionFor many years, the world has continued to witness high level of industrial revolution. For instance, in the in many parts of Britain, industrialization started taking place over two centuries ago. During this time, different manufacturing companies did emerge and which to 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 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 upto today, is as 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 century and finally, how the industrial revolution altered the economy of the country. Forces of industrial revolution Prior to industrial revolution, the world especially the countries from the west had already experienced what was termed as agrarian revolution.
However, despite the fact that 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 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 amount 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 century. 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 was a result of the commercial revolution that was being witnessed in many parts of the world (Clark 2007).
It can be recalled that during this period that the world had been divided into numerous trading empires and this was particularly common in the European countries. Now, what happened during this period and greatly contributed to a high level of industrialization is the expansion of Britain to different countries. This factor was contributed to by the fact that Britain was aggressive and managed to acquire different empires across the world (Gauci 2006). Britain did not only provide goods and services to the already empires, but also tried to trade with them and at the same time did manage to expand its markets to these countries.
However, important to note is that, the established empires were owned in the form of colonies and they were spread across the world in the including Asia, Africa and some parts of North America. The influence that the merchants had on these empires, caused them to even search for industrial goods which the markets were in need of (Allen 2009). This actually led to industrialization back at home as the traders sought means of getting and delivering industrial goods to the various empires.
While the international market for industrial goods was still expanding during this period, it is the domestic market that contributed greatly to industrialization. The country’s domestic market remained the largest market for industrialized goods. Further, the domestic market for industrial products rapidly grew during this period and this scenario was contributed greatly to the rapid increase in the country’s population, increasing standards of living and increased migration of persons from the rural areas to urban centers and thus having a direct link with the market.
The increased consumption led to the need to engage in massive production as a response (McCloskey 2004).