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The Industrial Revolution

In Our Time

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The Importance of Improving the European Economy

After the 16th century, a great deal of capital in the shape of bullion is injected into the European economy. That's crucial because Asia doesn't want anything Europe makes but wants its cottons and porcelain. And also Europeans get worried: We need to make these products, we need to imitate them somehow. So that's one component that's important during this period. The other thing is, how then did Britain in 1750 get to this stage? What's going on? Well, all this trade is mixed with religious wars, is leading to a very volatile Europe.

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