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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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This note was uploaded on 05/04/2008 for the course HIST 175 taught by Professor Friedel during the Fall '08 term at Maryland.
- Fall '08
- Industrial Revolution