The first Industrial Revolution was an important shift in Western society because it led to the wage-labor society recognizable in modern times. Beginning in Britain around 1750, the way to industrialization was paved by: The Agricultural Revolution of the 18th century. Favorable financial institutes.
Question: Why did the industrial revolution start in Britain? What was special art its banking system that let it begin?
Britain had an enormous commercial and technological head start compared to the rest of the world because of the start of the Industrial Revolution. A coming together factors came together in the late 18th century to create the unique conditions in England that culminated in the first-ever Industrial Revolution. To make things simple, the Industrial Revolution started to increase population, financial innovations, and coal and iron. Things like central banks, stock markets, and joint stock companies also encouraged the system to begin because people took risks to make incvestments, trade and create new technology!
It means that throughout history one main perspective or viewpoint has been shown off or presented as fact while others have been ignored. The Caucasian perspective. However this quote is also an opinion and should NOT be taken as fact.
