European industrialization England

1. protectionism of their trades
2. Drain of wealth
3. Internal demand
4. External demand
5. Agricultural revolution
6. Geography–> political stability–> economic growth
7. Socio-Economic Political-Cultural condition are very important
   1. Pushed Industrialisation –>Modernization

Enlightment–> Scientific thinking–> engineering–> machines–> Ease of Labour–> Canal Mania

Europe 1750s Both money and power but why did Britain had industrialisation first

big diagram

Japan latecomer 2013
1920s–> USSR (eastern Europe) New Economic Policy
21st century

USA civil war industrialisation

yhape diagram

Politics –> USA promoted + protected–>
Industrialisation from external aggregation
+ No external competition
–> therefore, Internal Industries rose

Government

• You develop and manufacture
• We will provide you with market
• We will provide demand–> government will by themselves if no one buys
• We will provide you with money–> Banking systems–> Easy money system–> low interest rate

America was Geo-political isolated during the British versus France wars –> Politically stable

Geography

• Good fertile land
• Top 3 land area
• Natural resources

Industries in the north agriculture in the south.
End of slavery–> 1865 13th constitutional amendment act–> Free men–> labour force for Industries

Transportation revolution- 1776 –> Unification–> ease of movement road transport + railroad + waterways –> Infrastructure–> closed the demand vs supply mismatch–> Economic Boom

Done By Private companies
Why??–> Country based on liberty

5 great lakes connected by waterways canal–> later by ships and boats–> shifted to railroads–> Coasts connected to England–> Economic boom

Communication Revolution

• Print Postal
• Typewriter
• Telegraph
• Electricity

Communication–> trade + commerce–> information exchange–> Intellectual rose

By 1913–> USA as output was more than combined output of –> France Britain and Germany