The Industrial Revolution, 1760-1830

By T. S. Ashton | Go to book overview
Save to active project

6
The Course of Economic Change

THE industrial revolution is to be thought of as a movement, not as a period of time. Whether it presents itself in England after 1760, in the United States and Germany after 1870, or in Canada, Japan, and Russia in our own day, its character and effects are fundamentally the same. Everywhere it is associated with a growth of population, with the application of science to industry, and with a more intensive and extensive use of capital. Everywhere there is a conversion of rural into urban communities and a rise of new social classes. But in each case the course of the movement has been affected by circumstances of time and place. Many of the social discomforts that have been attributed to the industrial revolution in Britain were, in fact, the result of forces which (for all we know) would still have operated if manufacture had remained undeveloped and there had been no change of economic form.

Among these was the movement of prices. In the first half of the eighteenth century wholesale prices in England were steady, with a slight inclination to fall. Between the middle fifties and the early nineties they rose by some 30 per cent, and between 1790 and 1814 they roughly doubled. From this point there was a fall, swift at first, then more gradual, until in 1830 a level was reached slightly below that of 1790, and less than half that of 1814. For some of these fluctuations responsibility must, indeed, rest with the industrial revolution. For it was of the essence of this that resources should be turned from the making of consumers' goods to that of industrial equipment,

-114-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
The Industrial Revolution, 1760-1830
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 144

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?