Lec 24_Apr 2 Localization

Lec 24_Apr 2 Localization - European Economic History...

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5/10/10 European Economic History Localization of Industry April 2, 2010 C. Shiue
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5/10/10 The concentration of industry As self-sufficient regions turned into regions linked through trade, localized industry, or an industry concentrated in certain localities emerged. Causes of localization: Physical conditions, e.g. iron industries in England located in districts where charcoal was abundant.
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5/10/10 Localization of cotton in The beginning of localization started with the invention of spinning machines, but aided also by other factors: 1. Geography: Presence of streams and tributaries water power was critical.
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5/10/10
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5/10/10 Localization Causes, con’t Patronage of a court, where rulers invited artisans to settle, due to existence of demand for high quality goods. E.g., England’s manufacturing industry in the 14th century directed by settlement of Dutch and Flemish artisans (on invitation of Plantagenet and Tudor Kings).
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5/10/10 Localization
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This note was uploaded on 04/29/2010 for the course ECON 4514 taught by Professor Shuie during the Spring '08 term at Colorado.

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Lec 24_Apr 2 Localization - European Economic History...

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