what happened in 1873 in age of industrialisation
Answers
During the first phase of industrialization (up to 1840s), cotton was the leading sector. The iron and steel industries grew rapidly with the expansion of railways. ... By 1873, the export of iron and steel from Britain was valued at about 77 million pounds. This was double the value of cotton export.
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Cotton and metals were the most dynamic industries in Britain. During the first phase of industrialization, cotton was the leading sector. The iron and steel industries grew rapidly with the expansion of railways. The railways expanded in England from the 1840s and in the colonies from 1860s. By 1873, the export of iron and steel from Britain was valued at about 77 million pounds. This was double the value of cotton export.
At the end of the nineteenth century, less than 20% of total workforce was employed in technologically advanced industrial sectors. This shows that the traditional industry could not be displaced by the new industries.
The cotton or metal industries could not set the change of pace in the traditional industries. But the traditional industries experienced many changes which were brought by small and apparently ordinary innovations.