The First Industrial Revolution Author:Phyllis Deane In the Great Exhibition of 1851, British manufactures and machinery were, with a few special exceptions, seen to be superior to those of any other country. What factors led to this situation--in particular, how far was it attributed to government intervention? When did this period of remarkable industrial activity begin and to what extent did ... more »Britain smooth the way for the faster-growing rivals who so soon overtook her? Of what relevance is this British story to the problems facing leaders of new nations who are even now seeking to accelerate the take-off of their economies? These are questions to which Miss Deane suggests answers.
This first industrial revolution of approximately 1750-1850 represented the beginnings of the process which created the affluent societies of today. It offered a way of escape from poverty which those societies not yet affluent and comprising about two-thirds of the world's population, are now desperately trying to discover for themselves.« less