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Unformatted text preview: 1 1 The Significance of Textiles 2 Industrial Revolutions n A Period of Rapid Economic Growth n A Stage of Economic Development n A Particular Set of Historic Developments 3 Stages of Economic Growth Stages of Economic Growth n Model of Economic Development: Model of Economic Development: n Societies develop along similar paths toward a modern economy, capable of Societies develop along similar paths toward a modern economy, capable of sustained economic growth sustained economic growth n Stages: Stages: n Pre-industrial economy Pre-industrial economy n Preparation Preparation n Take-off Take-off -- fostered by a -- fostered by a leading sector leading sector n Modern economy Modern economy 4 THE Industrial Revolution [Great Britain. 18 th and 19 th centuries] n Mechanization n First in textiles, then in other industries n Power n Primarily water power, then steam n Materials n Range of innovations, especially iron & steel and chemicals 5 Why does the Industrial Revolution take place when it...
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- Fall '08
- Industrial Revolution