The Economic History of Modern Europe Essay Example

Paper Type:  Essay
Pages:  4
Wordcount:  972 Words
Date:  2022-10-03

In the table, I can see the agricultural revolution and industrial revolution as happened in England respectively. In this table, the period of agrarian revolution is named as primary and is made of a column labeled agriculture which was the main activity that took place during this time. On the other hand, the secondary and tertiary sections are known as the period of the industrial revolution which happened after the agricultural revolution. The industrial revolution consists of the two parts, the secondary and the primary. In the secondary column are some activities that took place during this revolution which include manufacturing, mining, and construction while trade and transport, domestic/professional services, government and defense, and housing, at last, are activities that took place in the tertiary column.

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In the contextual aspect, England went through an outstanding revolution which comprises both the agricultural and industrial revolution respectively. That can be referred to what happened between the years 1688 to 1841, as there was an immense economic development that contributed heavily to its current state. The table, therefore, classified these economic developments into three phases the Primary, secondary and tertiary. The primary or the agricultural growth consists of agricultural activities which was the initial economic activity that England depended on before graduating into other forms of development. In 1688, agriculture produced a very massive amount of income in England with a percentage rate at 40 which was later uplifted to 45%. As such the country greatly benefited from this economic activity. The agricultural income then declined within time until 1841 when it became 22.1%.

As agriculture was reducing the quantity of income delivered to the state, the secondary profits consisting of those coming from manufacturing, mining, and construction were gradually increasing with the emergence of the industrial revolution. Aforementioned exhibits their growth from 21% to 34.4%. Those as mentioned above might have been as a result of a good foundation that had been laid from the agricultural income in which they prioritized in investing in long-term assets for the benefit of their country.

Further, England invested in tertiary assets during the industrial revolution. These assets include trade and transport, domestic/professional services, government and defense and finally housing. Trade and transportation picked at 12% and increased as it could fall and rise subsequently at different intervals but eventually became steady with time ending with 18.4%. Domestic and professional services then started at 15% and reduced to 6%. Government and defense finally emerged and grew steadily in 1688 from a percentage of 7 to 13.1 in 1821 then reduced to 9.6% in the year 1841. Lastly is the housing that increased steadily from 5% to 8.2% between the years 1688 to 1841. This maybe was as a result of the demand for housing for settlement by the industrial workers.

In analyzing the table, it can be witnessed that the increasing population was fed using imported food products and through turning agricultural products towards food and not through the agrarian revolution. This, therefore, suggests that the output or products growth overall during the industrial revolution was lesser than has been estimated. This is a reflection of what happens between the years 1688 to 1841. In essence, it's factual that the agricultural revolution that took place in England had many impacts on society. It brought about the industrial revolution that ensured the new farming techniques, an improved livestock breeding which lead to large-scale food production. This made the population increase with healthy living. Some of the causes of the industrial revolution were the increased availability of farmland, a favorable climate, more livestock, Improved and the increased crop the yield (Wrigley, 1990).

Discussing the above, the availability of the farmland increased as a result of the alterations of track ownership markings that were triggered by the new approaches towards farming. The zero grazing system was changed to a new system where land would be used entirely as the plants or crops had nutrients enough to take care of their growth.

There were some consequences or effects of the agricultural revolution. It overlaid the way for the industrial revolution. Modern farming methods or techniques and improved livestock breeding led to amplified or large scale food production which resulted in increased population and increased health. These were some of the implications of the shifting from the agricultural to the industrial revolution.

In the secondary and tertiary section, the two components that make up the industrial revolution had some effects on the society at large. It leads to the establishment of factories as a result of increased manufacturing, mining, and construction services. Again the three activities might have been inspired by the improvements or the advancement of the steam engine and power loom which farther promoted cheaper energy and better machines. This, in turn, led to the emergence of trade and transport in England (Wrigley, 1990).

Besides, it also led to the rise of capitalism in the economic system in England. This is the private ownership of the means or methods of production and the operation for the profit. Here, the industrial capitalist replaced the agrarian landowners as leaders of the country's economy and the power structure hence the establishments of government and defense.

Lastly, it gave rise to urbanization which is the establishment of the cities. The indicated cropped up during the industrial revolution as people would move to urban centers to look for jobs in the industries or factories. Professional services also came up where there was need of the professionals such as shopkeepers, bank clerks and insurance agents who could perform as service providers.

Conclusion

In conclusion, both the agricultural and industrial revolution had a shared vision that is, improving the living standards. The two achieved this mostly through the agriculture which was done during this two revolutions. As such, these revolutions are awesome activities that can count for the better part of the England economy.

References

Wrigley, E. A. (1990). Continuity, chance, and change: The character of the industrial revolution in England. Cambridge University Press.

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The Economic History of Modern Europe Essay Example. (2022, Oct 03). Retrieved from https://proessays.net/essays/the-economic-history-of-modern-europe-essay-example

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