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The Economic Underpinnings Of The First Industrial Revolution In England
The manufacture of military munitions and the development of a home
market were critical underpinnings of the first industrial revolution in Britain.
Military manufacturing supported by the British Government contributed directly
to technological innovation and spurred industrialization. This is because the
companies that choose to fulfill the government contracts to make military
munitions found money could be made if new processes and technology was
developed to fulfill the huge contracts. Military manufacturing was one of the
few industries where innovation was rewarded. In most other industries
conservative investors were ....
Word count: 439 - Page count: 2
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