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The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
[12] Others argue that while the growth of the economy's overall productive powers was unprecedented during the Industrial Revolution, living standards for the majority of the population did not grow meaningfully until the late 19th and 20th centuries and that in many ways workers' living standards declined under early capitalism: some studies ...
The government instituted military reforms to modernise the Japanese army and also constructed the base for industrialisation. In the 1870s, the Meiji government vigorously promoted technological and industrial development that eventually changed Japan to a powerful modern country.
Industrialist Samuel Slater, who Andrew Jackson called "the father of the American Industrial Revolution." Bethlehem Steel in Bethlehem, Pennsylvania was one of the world's leading steel manufacturers for most of the 20th century until 1982 when it discontinued most of its operations. It subsequently declared bankruptcy in 2001 and was ...
The British government's concern for commercial interests was also important. The steam engine allowed for steamboats and the locomotives, which made transportation much faster. By the mid-19th century the Industrial Revolution had spread to Continental Europe and North America, and since then it has spread to most of the world.
A Watt steam engine, the steam engine fuelled primarily by coal that propelled the Industrial Revolution in Britain and the world. [a] Economic history as it relates to economic growth in the modern sense first occurred during the Industrial Revolution in Britain and then in the rest of Europe, due to high amounts of energy conversion taking ...
The Wright brothers had difficulty raising funding from the government and military, but after World War I began in 1914, airplanes quickly assumed great tactical importance for both sides (see Aviation in World War I); the US government appropriated $640 million in 1917 to procure 20,000 airplanes for the war for aerial reconnaissance ...
The most notable advancement in the Song economy was the establishment of the world's first government issued paper-printed money, known as Jiaozi (see also Huizi). [28] For the printing of paper money alone, the Song court established several government-run factories in the cities of Huizhou , Chengdu , Hangzhou , and Anqi . [ 29 ]