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The Economic Underpinnings Of The First Industrial Revolution In Engla
Essay specific features
Written by:
Frank S
Date added:
December 4, 2014
Level:
University
Grade:
A
No of pages / words:
2 / 440
Was viewed:
9826 times
Rating of current essay:
Essay content:
Military manufacturing was one of the
few industries where innovation was rewarded. In most other industries
conservative investors were reluctant to invest in new manufacturing technology.
But in military manufacturing the government was the investor and was
unconcerned with the manufacturing technology as long as the product was
delivered on time...
displayed 300 characters
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Many technological advances were made through military
manufacturing some of these were new ways to manufacture iron, conveyor
belts,
and the use machine tools . The technology developed for military manufacturing
then spilled over into the civilian sector of the economy. And because it was
now a tested technology investors who were normally cautious were willing to put
their capital into these ventures which instead of pouring iron to make guns now
made iron ore into stoves and pots...
displayed 300 characters
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