Industrialisation: Economic development between 1783-1812
General overview The industrial revolution is said that it started around 1780 as the industries developed from small-scale production of goods that was mostly domestic, to much larger scale of production in factories and iron foundries in the City. This saw a large rise in the amount of exports and imports in the decades of 1780s and 1790s which increase the amount of economic activity. There was an unseen annual growth of industrial output of 3 to 4 percent. This shows that the decade of the 1780s was a turning point in Britain with the increase production of iron,coal and cotton. This made Britain famous for its quality and scale of manufacturing across the country. For example Cornwall was famous for tin mining used to manufacture many utensils and Birmingham who was famous for mining for coal ( that’s why it was called the black country) and for producing small metal goods. There was also a thriving overseas market with the major East India Company who was trading cotton,...