Why did the first Industrial Revolution take place in Britain and what were its main consequences?

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THE INDUSTRIAL REVOLUTION

Why did the first Industrial Revolution take place in Britain and what were its main consequences?

 The Industrial Revolution was said to have taken place at around 1760 when a series of inventions and technical breakthroughs were designed. These inventions completely transformed production technology. At this period of time, this transformation took place in cotton textiles with the invention of Arkwright’s waterframe 1769, Hargreaves Spinning Jenny in 1770 and Crompton’s mule in 1779. The question has been asked by many people why would there be a wide ranging series of breakthroughs in the late 18th century and why did the Industrial revolution take place in Britain. Both of these questions are answered below because they are extremely important if we are to understand why the Industrial Revolution took place. The outstanding feature of the Industrial Revolution was the creation of something, which is known as the factory system. The factory system was associated with a development, which resulted in animal power being substituted by non-animal power. It is not just the technical changes of this period, which have made this period of time important, it is the changes between economics and social relations which are also considered important. I.e. the Capitalist-worker relationship which was developed.  

It is extremely difficult to give just one reason for why the Industrial Revolution took place. Some early researchers into the development of the Industrial Revolution were said to have misunderstood why it had taken place. Many people thought that the Industrial Revolution and the reason why it had taken place could be described as a simple transformation from feudalism to capitalism. However, others argued that this was not the case. The reason being was that when the Industrial Revolution had taken place, Britain was already a capitalist society. Therefore for the Industrial Revolution to take place, a certain set of social and economic forces would have had to be present and these could have only been present under a capitalist system at this stage in history.  Hartwell agreed to a certain extent with this when he suggested that the causes of the Industrial revolution were:

“An increase in the rate of capital formation (either because of low interest rates encouraging investment, or because of profit inflation); an increase in world trade (the natural result of an expanding geographical frontier), in which England gained disproportionately; a technological revolution (the result of an autonomous increase in knowledge, the application of which transformed the machinery and organisation of industry making it much more productive); and growth of laissez faire and of a rational ethic towards wealth (the result of changes both in philosophic and religious convictions) which liberalised the context and possibilities of enterprise.” 

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Before we can consider whether any of these factors listed above by R M Hartwell could have produced growth in Britain, we should consider what is entailed in the process of growth.

It is clear that there is not just one clear reason but many different contributing factors to explain why the Industrial revolution first took place in Britain. Some people would say that although Britain is only a small island it was more than capable with coping with the changes that the first Industrial Revolution brought about. The main reason for this was said to be that Britain ...

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