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Industrialisation: Why Britain Got There First, with Nicholas Crafts, University of Warwick 2/2 

Legatum Institute
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[Video Content List Below] 26 November 2014: As part of the Legatum Institute's History of Capitalism lecture, Nicholas Crafts, Professor of Economics and Economic History at the University of Warwick, gave a lecture on the industrial revolution. In this short interview, he discusses why Britain lead the revolution, what impact if had on the standard of living for the average Briton at the time, and were the policy lessons that can be used and applied in today's world. More information: li.com/events/1...
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00:00:23 - What were the Britain's competitive advantages in the run up to the industrial revolution?
00:01:21 - Did the industrial revolution raise the standard of living for the average Briton?
00:02:14 - What are the policy lessons today from the industrial revolution?

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15 окт 2024

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Комментарии : 3   
@prof.dr.4224
@prof.dr.4224 3 года назад
The British never talked about the source of finance that made the industrial revolution possible. Also, who provided the market, as the industrial revolution was not self-sustaining. The answer was India, particularly Bengal, which the British want to hide. Bengal was occupied, in practice, by the British, in 1757. Industrial Revolution started in 1760.
@jamesthomas4841
@jamesthomas4841 2 месяца назад
😂😂😂 The occupation of Bengal turned the East India Company from a profit making trading company to a loss making state.
@Walter-w9v
@Walter-w9v 6 месяцев назад
Britain from 1800 to 1900. 20,000 Waterwheels decreased in number. Windmills decreased in number. Englishman Thomas Newcomen's 1,500 Atmospheric Pumps disappeared. Not very rich Scotsman James Watt's 500 Steam Engines and their descendants increased in number to 10,000,000 !!! For every SINGLE Waterwheel in 1800 we now had an additional 500 Steam Engines in 1900 !!! In one human lifetime. That's an increase in Power Output and so Productive Capacity, for the whole country of 500 times !!! And it was all due to only one Invention, James Watt's Invention of the world's first PRACTICAL Steam Powered Engine. It was a Power Revolution. James Watt dumped Newcomen's Atmospheric Power and Arkwright's Water-Power for Steam Power. No Steam Power and Steam Engines no Industrial Revolution. Nothing to do with Spinning and Weaving technology, that was all to do with unfair trading schemes. Pretty simple really, surely I can't be the only one to see that?
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