How Did The Textile Industry Affect Britain's Economy

916 Words 4 Pages
The textile industry is a popular subject that comes to mind when thinking about the industrial revolution.The sales of the spinning jenny and other textile advancements were massively popular and therefore helped improve the economy. The textile industry became so big, it had a revolutionary effect on Britain's economy. The ever improving textile inventions helped to continue Britain’s economic growth. The spinning jenny and the water frame were eventually used to create more profitable inventions that had to do with energy like the steam engine, this caused even more economic growth. With new inventions that made even more money, the textile industry grew and was able to produce more yarn and faster spinning techniques, which in turn led to the economy growing even more. The popularity and constant innovation in the textile industry caused economic growth and advancement in Britain, . The sales of the spinning jenny and other textile advancements were profitable and therefore helped improve the economy. Robert C. Allen says, “we can …show more content…
Robert C. Allen says,“Early modern England experienced an ascending spiral of progress in which the rise in the wage induced the invention and use of machines that raised labor productivity. The rise in productivity raised the wage even more and the process continued. The inventions of the industrial revolution were the culmination of a century and a half of economic growth.” This spiral of productivity caused a rise in wage, which caused more use of textile inventions and helped the economy. Textile inventions were part of a century and a half of economic growth in England. Textile inventions continued to help the growing economy of Britain. This means that textile inventions would continue to get more advanced, and further help economic growth and have a revolutionary effect on Britain’s

Related Documents