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The Industrial Revolution By Peter Stearns

701 Words3 Pages

The second phrase of Industrialization would bring new countries that would begin to catch up and compete with the United Kingdom’s head start in the Industrial Revolution. But as countries rushed to modernize quickly as possible, it was usually a nationalist/government effort to industrialize the country. First, corporations relied extensively on the government to provide military support to conquer far flung territories so the corporation can profit from its resources. The military was to act as a de-facto mercenary army for the corporation to make sure the shareholder profits are secure from both native uprising and other countries. The best example of this was the British Empire’s conquests. The British had established naval bases …show more content…

The Russians did what Peter the Great did in the 1700’s, they had brought skilled craftsman from the West to teach the Russians about the latest technology such as advanced artillery and how to build a state of the art navy. In response to the rapid industrialization of Western Europe, the Russians began bringing talent from abroad when it came to building their first textile factories. They had copied the British models and the first Russian businessmen realized that they too can share in the profits of industrialization. Another key aspect was the massive buildup of public infrastructure projects. In The Industrial Revolution by Peter Stearns, “The first steamship appeared in Russia in 1815, and by 1820, a regular services ran on the Volga River”, shows how the Russian government spent taxpayer money to build public transportation for all of its citizens. The Russian government also spent money on building railroads to connect the Russian Empire. A final example of a nation trying to modernize using government expenditure was Egypt under Mohammed Ali. Mohammed Ali had the goal of industrializing Egypt by brining English machines and workers. He also invested into public infrastructure project designed to increase the output of Egyptian factories and farms However, his project failed because he failed to implement tariffs that would have protect Egyptian businesses from larger, subsidized and well-funded European

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