Focus & Purpose

This blog is dedicated to focus particular attention on the ways in which the European economy changed and expanded after 1492. The blog will explore the Columbian exchange, the growing world market and the global economy.

Sunday, June 13, 2010

INDUSTRIALIZATION

The industrialization started in England in the 18th century and began with the steam engine innovation. This was designed for coal mining and expanded over into textiles. This lead to more technology changes and innovation, bringing the Spinning Jenny. This boosted production and created demand for hand weavers to keep up with the yarn production. Well where the bottleneck showed up in production, an innovator quickly gave way to another technology upgrade. The United States needed to ramp up cotton production to keep up with the textile industry and therefore created a demand for more slaves to be traded and sold into the country.

This industrialization revolution was bound to mostly England and the U.S., but all the global markets would benefit from the trade and improvements. This industrialization also further lead to urbanization and problems maintaining such population explosions in the larger cities where production was booming.

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