Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain''s path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club ofrich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment,and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world''s manufacturing was done in Asia, bu
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The Industrial Revolution was one of the great, transforming events of world history. Robert C. Allen explains what happened during this period, and why. He asks why the revolution occured in Britain rather than other countries, and looks at the impact...
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A study of the main changes in the British economy from 1951, focussing on nationalisation and privatisation; unemployment; funding of the NHS and education; deindustrialisation and Britain's changing industrial structure; taxation; inequality; environmental...
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Here is a brisk, accessible, and vivid introduction to arguably the most important event in the history of the United States¿the American Revolution. Between 1760 and 1800, the American people cast off British rule to create a new nation and a radically...
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<b>Very Short Introductions<b>: Brilliant, Sharp, Inspiring </b>The Victorian period may have come to an end over 120 years ago, but the Victorians continue to be a vital presence in the modern world. Contemporary Britain is still in...
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