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Argues that change in the energy base and hence in technology has enabled Britain to overcome an energy crisis and sustain dramatic population growth. Throughout these essays illustrate Thomas' organic approach to economic growth.
This collection of essays explores the inter-imperial connections between British, Spanish, Dutch, and French Caribbean colonies, and the 'Old World' countries which founded them. Grounded in primary archival research, the thirteen contributors focus on the ways that participants in the Atlantic World economy transcended imperial boundaries.
Detailed study of the role of overseas trade and Africans in the Industrial Revolution.
The Economic Consequences of the Atlantic Slave Trade shows how the West Indian slave/sugar/plantation complex, organized on capitalist principles of private property and profit-seeking, joined the western hemisphere to the international trading system encompassing Europe, Africa, North America, and the Caribbean, and was an important determinant of the timing and pattern of the Industrial Revolution in England. The new industrial economy was no longer dependent on slavery for development, but rested instead on investment and innovation. Solow argues that abolition of the slave trade and emancipation should be understood in this context.
WINNER OF THE BANCROFT PRIZE • A Pulitzer Prize finalist that's as unsettling as it is enlightening: a book that brilliantly weaves together the story of cotton with how the present global world came to exist. “Masterly … An astonishing achievement.” —The New York Times The empire of cotton was, from the beginning, a fulcrum of constant global struggle between slaves and planters, merchants and statesmen, workers and factory owners. Sven Beckert makes clear how these forces ushered in the world of modern capitalism, including the vast wealth and disturbing inequalities that are with us today. In a remarkably brief period, European entrepreneurs and powerful politicians recast the world’s most significant manufacturing industry, combining imperial expansion and slave labor with new machines and wage workers to make and remake global capitalism.
Focusing on the Connecticut River Valley—New England's longest river and largest watershed— Strother Roberts traces the local, regional, and transatlantic markets in colonial commodities that shaped an ecological transformation in one corner of the rapidly globalizing early modern world. Reaching deep into the interior, the Connecticut provided a watery commercial highway for the furs, grain, timber, livestock, and various other commodities that the region exported. Colonial Ecology, Atlantic Economy shows how the extraction of each commodity had an impact on the New England landscape, creating a new colonial ecology inextricably tied to the broader transatlantic economy beyond its shores. This history refutes two common misconceptions: first, that globalization is a relatively new phenomenon and its power to reshape economies and natural environments has only fully been realized in the modern era and, second, that the Puritan founders of New England were self-sufficient ascetics who sequestered themselves from the corrupting influence of the wider world. Roberts argues, instead, that colonial New England was an integral part of Britain's expanding imperialist commercial economy. Imperial planners envisioned New England as a region able to provide resources to other, more profitable parts of the empire, such as the sugar islands of the Caribbean. Settlers embraced trade as a means to afford the tools they needed to conquer the landscape and to acquire the same luxury commodities popular among the consumer class of Europe. New England's native nations, meanwhile, utilized their access to European trade goods and weapons to secure power and prestige in a region shaken by invading newcomers and the diseases that followed in their wake. These networks of extraction and exchange fundamentally transformed the natural environment of the region, creating a landscape that, by the turn of the nineteenth century, would have been unrecognizable to those living there two centuries earlier.
This book describes how the mercantile system was made to work as London established itself as the capital of the Atlantic empire.
None of us has ever lived through a genuine industrial revolution. Until now. Digital technology is transforming every corner of the economy, fundamentally altering the way things are done, who does them, and what they earn for their efforts. In The Wealth of Humans, Economist editor Ryan Avent brings up-to-the-minute research and reporting to bear on the major economic question of our time: can the modern world manage technological changes every bit as disruptive as those that shook the socioeconomic landscape of the 19th century? Traveling from Shenzhen, to Gothenburg, to Mumbai, to Silicon Valley, Avent investigates the meaning of work in the twenty-first century: how technology is upending time-tested business models and thrusting workers of all kinds into a world wholly unlike that of a generation ago. It's a world in which the relationships between capital and labor and between rich and poor have been overturned. Past revolutions required rewriting the social contract: this one is unlikely to demand anything less. Avent looks to the history of the Industrial Revolution and the work of numerous experts for lessons in reordering society. The future needn't be bleak, but as The Wealth of Humans explains, we can't expect to restructure the world without a wrenching rethinking of what an economy should be.
Why did the industrial revolution take place in 18th century Britain and not elsewhere in Europe or Asia? Robert Allen argues that the British industrial revolution was a successful response to the global economy of the 17th and 18th centuries.
This book seeks to enrich our understanding of middle-class life in England during the Industrial Revolution. For many years, questions about how the middle classes earned (and failed to earn) money, conducted their public and private lives, carried out what they took to be their civic and religious duties, and viewed themselves in relation to the rest of society have been largely neglected questions. These topics have been marginalized by the rise of social history, with its predominant focus on the political formation of the working classes, and by continuing interest in government and high politics, with its focus on the upper classes and landed aristocracy. This book forms part of the recent attempt, influenced by contemporary ideas of political culture, to reassess the role, composition, and outlook of the middle classes. It compares and contrasts three Lancashire milltowns and surrounding parishes in the early phase of textile industrialization—when the urbanizing process was at its most rapid and dysfunctional, and class relations were most fraught. The book’s range extends from the French Revolution to 1851, the year of the Great Exhibition, which symbolized mid-century stability and prosperity. The author argues that members of the middle class were pivotal in the creation of this stability. He shows them creating themselves as a class while being created as a class, putting themselves in order while being ordered from above. The book shifts attention from the search for a single elusive “class consciousness” to demonstrate instead how the ideological leaders of the three milltowns negotiated their power within the powerful forces of capitalism and state-building. It argues that, at a time of intense labor-capital conflict, it was precisely because of their diversity, and their efforts to build bridges to the lower orders and upper class, that the stability of the liberal-capitalist system was maintained.