We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economic History - Essay Example

Comments (0)
A lot of literature is available on the Industrial Revolution which has resulted partly because of the disagreement among historians over methodology, ideology and semantics, though less in research findings and interpretations. Ever since the beginning of agriculture some eight to ten thousand years ago, the industrial revolution of the eighteenth century Europe was the most influential transformation of human culture…
Download full paper

Extract of sample
Economic History

Download file to see previous pages... Some believe that the living standard of the common worker fell during the revolution, while others are of the view that it rose and everyone was better off. This essay will try to review the factors that contributed to the industrial revolution to be adopted first of all by England, rather than by any other European country.
Though it is hard to pinpoint, but most historians agree that the Industrial Revolution basically originated in England with a series of social and technological innovations. Between 1760 and 1860, the progress in technology and education and an increasing capital stock, transformed England into the workshop of the world. This transformation came to be known as the Industrial Revolution, which gave rise to the income of not only its people; but as its effects spread, to the rest of the Western world as well. Historians also agree that this revolution was one of the most important historical events, making it possible for a rapid transition to the modern age, but disagree with the different aspects of this event.
A question that really interests economic historians is that why did the eighteenth century industrial revolution start in Europe rather than in any other part of the world, like France and China or India. Though numerous factors like ecology, government and culture have been suggested but some historian argue that as China and Europe were similar in the 1700s, the crucial difference which resulted in the Industrial Revolution in Europe were the sources of coal and other raw material near the manufacturing centers. This allowed Europe to economically expand in a way China could not.

Some also credit the difference in the belief systems as Europe focuses on the individual, while the Chinese beliefs are centered round relationships between people. Similarly, India was spilt up into many kingdoms, each fighting for supremacy. Its economy was dependent on cotton and agriculture and technological innovations were completely non-existent. The palace treasuries with huge amount of wealth, was easily moved to Britain making it more convenient for England to use it as needed. England also had huge natural financial profits which it gained from its many overseas colonies.

Moreover, the aristocracy in continental Europe believed that as compared to the common people, they were born with higher virtues and the pursuit of money was a characteristic of lower class. The capitalistic and mercantile in England as well as the whole of Europe was achieved by the middle or the non-aristocratic classes.

'Why was England First:'
According to Crafts (1977) the comparative approach to the two problems posed by the Industrial Revolution are why the breakthrough took place in Western Europe, and within Europe, where and when did it occur. It provides valuable insight into the economical growth from the general perspective and a better understanding of England's economic growth from the aspect of the Industrial Revolution. Crouzet (1967) is also of the view that this comparative approach can be greatly helpful for those economic historians who are particularly interested in the key problem of growth. And by systematically comparing the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Economic History
Particularly, the western economies like USA, UK, and EU have created an economic network on the foundations of the global market system world wide. Therefore, the paper would reflect on global economy and the modern capitalist system with reference to the contributions of Adam Smith.
5 Pages(1250 words)Research Paper
American Economic History
The European colonization between the 16th and the 18th century is perceived to be the basis of American economic history. Colonial economies that were marginal expanded into farming economies that were independent. In 1776, they came together leading to the formation of the United States of America.
10 Pages(2500 words)Essay
Economic History Essay
On April 16 of the same year, all males older than 14 and still citizens of the German Empire were considered alien enemies. Under the Palmer Raids of 1920, the Department of Justice gathered thousands of foreigners who were alleged communists, anarchists, and labor reformers and forcibly deported them.
6 Pages(1500 words)Essay
Economic History
The aim of this paper is to thoroughly address and discuss all of the previously mentioned issues, in order to allow the reader to attain a much more informed and knowledgeable understanding on the subject matter at hand. This is what will be dissertated in the following.
6 Pages(1500 words)Essay
African Economic History
But there is variation in Africa's wealth. There is a difference in annual income per person: north and south states are wealth, and the east Africa, on the contrary, is poor. A great contribution in Africa's poverty was made by the numbers of wars that Africa had had since the time it became an independent country.
2 Pages(500 words)Essay
Canadian Economic History
Before the sixties, Canadian historians used to concentrate on economic history of Canada because it had political stability as compared to other countries. From the sixties till present day, there have been significant events in the Canadian economic history.
3 Pages(750 words)Essay
Economic history
One of the major factors credited for making the United States the economic, industrial, and trade giant that she is, was domestic
2 Pages(500 words)Essay
Economic History
This debate mostly laid emphasis on the application of economic planning mechanism to allow means of production to serve as a substitute in the case of capital markets, and whether such kind of arrangement would be inferior or superior to capitalism in terms of
6 Pages(1500 words)Essay
Economic history
This means that capitalists could not exist in isolation. They needed factors of production such as labor that could only be sourced from members of the society. There was also the fact that capitalists could in no way control or dominate the
2 Pages(500 words)Assignment
Economic History of Europe
Thus, due to increased population more land was brought into food production to sustain the growing population and production of wool for exportation to other European countries
9 Pages(2250 words)Essay
Let us find you another Essay on topic Economic History for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us