Category: British Industrial Revolution

Whilst the definitions of labour and resources are quite straightforward, there can be some room for interpretation when defining capital and institutions. North D.C (1993, p.2.) has an interpretation that institutions are characterised by formal constraints (laws and constitutions) and informal constraints (norms of behaviour, self-imposed codes of conduct) followed by their enforcement mechanisms. Capital…

There are a lot of differences between the British industrial revolution and China’s opening up. However, there are also some similarities between the two reformations. This essay will compare the similarities between the industrial revolution and China’s recently opening up. Revolutions play a large part in history as change happens inevitably, the longer a system…

Executive Summary: Chinas economic growth since 1979 economic reforms is highly appreciable as it was a poverty-stricken and under-developed nation pre-1979. Researchers have been arguing about the factors that contributed to the economic growth of China in the past forty years and the following paper aims to highlight crucial contributing factors. Secondary data from journals,…

Work in the 22nd century holds more significance to the society more than any other activity, the ultimate goal of almost everyone is to find work, in the contemporary society work is regarded as commodity that pays out money and money is off value to a society so in order for people to get money…

The Industrial Revolution was a significant period in history, it brought new technological, socioeconomic, and cultural ideas to the world. Between the years 1760 to 1830, the Industrial Revolution was primarily limited to Britain, this period is commonly referred to as the first Industrial Revolution. Before the Industrial Revolution Britain was considered an agricultural society…

The Industrial Revolution began in Britain in the 18th century. But how did it start and why did it happen in Britain and not in France, Germany, or the United States? In this essay, I will try to answer these questions. In the 18th century, wood was the main source of energy for Britain and…