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The Economic Underpinnings Of The First Industrial Revolution In Engla

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Issue:

Miscellaneous

 

Written by:

Frank S

 

Date added:

December 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 440

 

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9829 times

 

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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...
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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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