ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The English made good ships
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Some political leaders bought weapons and tanks rather than built hospitals and schools etc
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The Industrial Revolution began in the U.K. and spread to Europe.
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Some countries are more likely to have droughts and floods etc.
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Detailed explanation-1: -These reasons include: the effects of the Agricultural Revolution, large supplies of coal, geography of the country, a positive political climate, and a vast colonial empire. They all combined to allow Britain to have the necessary conditions that caused industrialization to flourish.
Detailed explanation-2: -One of the triggers was the unusually high growth in the population which set in around the middle of the 18th century and produced a gigantic reservoir of workers. At the same time new, more efficient methods of production became necessary in order to supply the basic needs of so many people.
Detailed explanation-3: -The Industrial Revolution brought about sweeping changes in economic and social organization. These changes included a wider distribution of wealth and increased international trade. Managerial hierarchies also developed to oversee the division of labor.
Detailed explanation-4: -The Industrial Revolution was a period of scientific and technological development in the 18th century that transformed largely rural, agrarian societies-especially in Europe and North America-into industrialized, urban ones.