MAKING OF THE MODERN WORLD
INDUSTRIAL REVOLUTION: CONSEQUENCES
Wednesday 28 October 2015, 9-10am
Tutor: Giorgio Riello, g.riello@warwick.ac.uk
6. Explanation 3: The Industrial Revolution in a Global Context
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The decline of Britain
The rise of China
Explanatations
a. The Lost opportunities of China
b. Global Luxury and Consumption
c. Divergence in a Global Context
7. England and France - why was England first?
 Comparative advantage in exportables
 International Specialization
 Impact of War
8. The First Industrial Revolution and the Second Industrial Revolution
 David Landes’s points
 Features of the Second Industrial Revolution
 New technologies
9. Britain Falling Behind
 Comparative performances
 Causes of economic stagnation
10. Germany - State and Modernisation
 Features of economic growth
 Data
 Pressures
11. Conclusion
Table 1. GDP per Capita in some of the major industrial countries, 1820-1913 (in 1985 US $)
1820
1870
1890
United Kingdom
1,405
2,610
3,279
France
1,052
1,571
1,941
Germany
937
1,300
1,727
Italy
960
1,210
1,355
United States
1,048
2,247
3,106
Canada
1,347
1,662
Japan
588
620
813
Table 2. The world Manufacturing Production, 1870-1911 (in %)
In %
1870
1881-1885
1896-1900
1906-1910
Great Britain
31,8
26,6
19,5
14,7
France
10,3
8,6
7,1
6,4
Germany
13,2
13,9
16,6
15,9
Italy
2,4
2,4
2,7
3,1
Belgium
2,9
2,5
2,2
2,0
Russia
3,7
3,4
5,0
5,0
US
23,3
28,6
30,1
35,3
Japan
0,6
1,0
Others
12,4
14,0
16,2
16,6
World
100,0
100,0
100,0
100,0
1913
14,0
6,4
15,7
2,7
2,1
5,5
35,8
1,2
16,6
100,0
1913
4,024
2,734
2,606
2,087
4,854
3,560
1,114