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Industrial Revolution
History 102 with WhatifAltHist's Rudyard Lynch and Austin Padgett
Build with Confidence in Freedom
Incentives for industrialization vary greatly across societies due to political and economic structures. For example, in China, oppressive regulations discouraged factory construction, while in ancient Greece, the prevalence of slavery diminished the need for innovation in machinery. The 18th century in Britain marked a turning point with the establishment of a pluralist political system that promoted political freedom, open labor markets, and property rights. This environment fostered confidence among entrepreneurs, enabling them to invest in factories, knowing their profits would be secure from confiscation. Such systemic factors were crucial in distinguishing Britain during the Industrial Revolution, demonstrating the importance of governance and societal values in driving economic progress.
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