HISA04H3 Chapter Notes - Chapter Text Book: Industrial Revolution, Fee Simple, Wage Labour
Document Summary
The main link between the new world and the old world was the british trading empire. England extracted resources from all corners of the globe such as eastern europe, india, the. The industrial revolution sped up this process because of high demand for resources and a growing population. English restriction on capitalism in the new world. England restricted the new world"s colonies from turning in huge profits through industrialization, agriculture, or capitalist ventures. The rise of industry was to be thwarted in england"s colonies. Precursors to capitalism and industrial production in the new world. Precursors to an industrial rise in north america were found in the shipbuilding business, iron business, and shoe making business. These businesses in north america were either producing a considerable amount of product ( of england"s ships were produced in america) or were being favored over english imports (shoes), or had more facilities for production (iron).
