One of the open questions of economic history is to explain why the industrial revolution began in England and Scotland and then spread to Europe. China and the Arab world were economically just as developed if not more so as England in the decades before the industrial revolution began, yet despite a proud history of innovation, these countries did not develop a capitalist market system and industrial machinery as the British did that would allow them to dominate the world in the subsequent one and a half centuries.
Patience is a virtue
Patience is a virtue
Patience is a virtue
One of the open questions of economic history is to explain why the industrial revolution began in England and Scotland and then spread to Europe. China and the Arab world were economically just as developed if not more so as England in the decades before the industrial revolution began, yet despite a proud history of innovation, these countries did not develop a capitalist market system and industrial machinery as the British did that would allow them to dominate the world in the subsequent one and a half centuries.