Question

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“The English Industrial Revolution was preceded, at least, by two hundred years of constant economic development (...). The main preconditions for industrialization were either present in 18th century England or could be easily achieved ... By 1750 it is doubtful that one could speak with property of a peasant owner of the land in vast areas of England and it is true that one could no longer speak of subsistence agriculture (...). The country had accumulated and was accumulating a surplus large enough to allow the necessary investment in inexpensive equipment, before the railroads, for economic transformation. A good part of this surplus was concentrated in the hands of those who wanted to invest in economic progress (...). In addition, England had a large, highly developed manufacturing sector and an even more developed commercial apparatus ... Transportation and communications were relatively easy and cheap, since no point in the country is much more than 100 km away. from the sea, and even less from some navigable channels (...). England also had good acces to the basic natural resources used during the first revolution, iron to construct machines and tools and coal to fuel new machines​

Answer 1

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