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Tuesday, March 25, 2014

How did the governments respond to the tremendous economic changes of the Industrial Revolution?


Most governments were eager to claim a portion of the new wealth brought with the Industrial Revolution.  However, some nations such as Qing China, restricted outside influences.  They attempted to maintain their own economic traditions, rather than advancing further with new technologies.  While this aided the local economy within China, it limited how much the Chinese could export.  In contrast, other countries aided new industries and technologies.  This included improving transportation in order to help businesses.  This was evident in the construction of the Erie Canal in the Northeast United States of America.  Additionally, some countries went even further to help the economy by starting new industries in their respective countries.   Muhammed Ali's creation of a textile industry in Egypt was a prime example of this.  Overall, governments, for the most part, did everything in their power to help the economy of their country.

Qing China is represented trying to stop imperial powers from having influence in China.
Source:

"Economic Growth and the Early Industrial Revolution." Ushistory.org. Independence Hall Association, n.d. Web. 21 Mar. 2014.

1 comment:

  1. Explain with a caption what exactly this picture means.

    ReplyDelete