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The colonial expansion of the 17th century with the accompanying development of international trade, creation of financial markets and accumulation of capital are also cited as factors, as is the scientific revolution of the 17th century.
The presence of a large domestic market should also be considered an important catalyst of the Industrial Revolution, particularly explaining why it occurred in Britain. In other nations, such as France, markets were split up by local regions, which often imposed tolls and tariffs on goods traded among them.
Why Europe?
One question of active interest to historians is why the Industrial Revolution occurred in Europe and not other parts of the world, particularly China...
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Common topics in this essay:
- industrial revolution
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