IR 212 Lecture 4: Lecture 4
Document Summary
British empire in india vs treaty ports" system in china. Mainly in britain, nw england only in a few places. Factories technological change, industrial output increasing, mechanization of production machines = steam power. The energy supply for activity became steam engine, previously just hydro power. In middle of 18th century, changed to steam power- turning steam into motion, much more efficient opposed to just waiting for the wind to turn a turbine. Coal was used to burn, more energy than wood england was a coal mining field. Steam engines pumped out the water to access the coal. Social system bringing people into factories. Cotton spinning factories turning cotton fibre into yarn. England, you can keep your profits from your invention. Monopoly profits from east india trade shore up british balance of payments, thus freeing domestic british capital for private investment.
