The First Industrial Revolution

Colin Read

Chapter 4 in The Rise and Fall of an Economic Empire, 2010, pp 32-39 from Palgrave Macmillan

Abstract: Abstract It was not until relatively recently that the advantages of markets, specialization, and the innovation of power and transportation came together to produce new goods and wealth unprecedented in ten thousand years of human history. We have become accustomed to the fast pace of progress and the amazing efficiencies of production. We forget that if human history were a kilometer long, this modern era of economic bounty merely represents the last few paces.

Keywords: Middle Class; Physical Capital; Industrial Revolution; Urban Poor; Rural Poor (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29707-4_5

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DOI: 10.1057/9780230297074_5

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