Question 1 · 10 marks · 153 words written
Opening
Industrial Revolution was an epoch in the history of the world where machines flood the economic landscape in 1870s — Satish Chandra
Body
Democracy & Rule of Law: Britain as epicentre
Flexible working condition and worker rights → eg - Magna carta.
State sponsered capitalism for industrialists → eg - British East India Company.
Rule of Law provided 'ease of doing business' is IPR protection → eg - steam engine IPR.
Freedom of religion instilled freedom of business. → Weber in Protestant Ethics and spirit of Capitalism. However, it was necessary but not sufficient.
Other Factors
Availability of resources → eg cotton from colonies like India
Technological comparative advantage. → early discovering - spinning jenny Legacy of scientific revolution
Mineral surplus region. → eg- coal and iron
Close
Therefore, it was multitude of factors which gave Britain a kickstart to be frontrunner of Industrial Revolution - Gunnar Myrdal