The aim of this essay is to explain why the Industrial Revolution did not take place in Africa, but rather in Europe. This will be done by looking at, how Europe colonised through overseas expansion. How exports from different countries took place within Europe. What the causes of the Industrial Revolution were. In terms of geography, culture and institutions. How the wages and prices in Britain differed from other countries and the role that accountants played in Europe.
1.Overseas expansion and colonisation:
During the sixteenth century, overseas expansion and colonisation in Europe belonged to Spain and Portugal. This was achieved through creative innovations in discovery, investigation …show more content…
The role that Britain played was that it’s coal deposits laid a foundation onto which the Industrial Revolution was built (Allen, 2011, 14). Britain’s access to coal made industrialisation possible. Culture is another cause of the Industrial Revolution. The transformation of European culture together with the adjustment and extinction of non- Western culture was the most dominant reason for the expansion of Europe (Cameron, 1993, 106). Literacy increased everywhere in Europe, this was due to a high-wage and commercial economy. The growth of businesses and manufacturing increased the need for education. The high-wage economy gave an opportunity for parents to pay for education (Allen, 2011, 26). The third cause of the Industrial Revolution was institutions. Britain among other nations was against autocratic governments and so their economies flourished. Europe therefore became a more liberal economic policy, just like Britain because of their conditions being similar. Economic growth in Britain and Europe contributed to effective vertical institutions, which can be described as open and a capitalist market (van Zanden, 2011,