By David E. McNabb
A Comparative historical past of trade and undefined, quantity II deals a subjective assessment of the way the cultural, social and financial associations of trade and developed in industrialized countries to provide the establishment we now comprehend as organization.
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Additional resources for A Comparative History of Commerce and Industry, Volume II: Converging Trends and the Future of the Global Market
Conclusion Crafts, Leybourne and Mills (1991) reminded us it is important to remember that much of British business, and particularly manufacturing, during the last half of the 1800s and for the first 13 years of the twentieth century consisted of traditional, small-scale firms, a great many of which were still family owned. These businesses catered to local markets without entering into international trade. These small, domestic-market-oriented firms provided employment for some 60 percent of Britain’s total industrial workers, and 34 A Comparative Hist ory of Commerce and Industry probably experienced no productivity gains whatsoever from 1760 to 1860, and little thereafter.
By 1914, electricity had been applied to many other uses, as well as opening up many new areas of its own. What started as a way of providing cheap and safe light was soon powering streetcars and subways, projecting motion pictures, heating stoves and ovens, and driving tens of thousands of electric motors in all kinds of industrial applications. Within 50 years, the Electric Revolution was over. Electricity was here to stay. , banking and investment community) preference for making foreign investments—such as railroads in the United States and elsewhere—rather than providing funds necessary for industrial modernization at home; and (3) an elitist educational system, with insufficient emphasis on science and engineering.
Great increases in trade were necessary just to meet the most basic food and shelter needs of these growing urban populations, in addition to the need to export their finished goods to other markets. This growth in markets and commercial activities was intensified in the urban centers as manufacturing specialization came into being (Rosenberg and Birdzell 1986). The primary centers of this new specialized production were the low countries—Belgium, Luxembourg, and the Netherlands—and Northern Italy.
A Comparative History of Commerce and Industry, Volume II: Converging Trends and the Future of the Global Market by David E. McNabb