Because they had a different currency than the rest of the world and wanted to compete in what historians call the "The Great Coin Race" which started in 19 A.D. and ended in 1339. The soon regretted this.
In order to determine the answer for this, we much look at the 4 factors of production: land, labor, capital, and entrepreneurship. When it comes to industrialization, those nations that had these four capitals could easily follow suit. These were mostly those countries that were following the capitalist path. Taking America for example, the North was heavily industrialized due to it having plenty land for industries, labor readily available, capital in terms of investments, and people willing to start industries and businesses. Being a capitalist country, the government encouraged new businesses.
Answer how many sentences does it have to be
Explanation:
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