Podcast
Questions and Answers
What is the timeframe for the transition to modern economic growth in Northwest Europe?
What is the timeframe for the transition to modern economic growth in Northwest Europe?
When did Britain experience a decisive breakthrough in technological progress-driven economic growth?
When did Britain experience a decisive breakthrough in technological progress-driven economic growth?
What played a central role in the Industrial Revolution prior to the adoption of new technologies?
What played a central role in the Industrial Revolution prior to the adoption of new technologies?
What concept helped Britain escape the Malthusian trap?
What concept helped Britain escape the Malthusian trap?
Signup and view all the answers
What was the geographical scope of the International spread of the Industrial Revolution?
What was the geographical scope of the International spread of the Industrial Revolution?
Signup and view all the answers
Which region was the first to embark on technological progress-driven economic growth?
Which region was the first to embark on technological progress-driven economic growth?
Signup and view all the answers
What was the timeframe for the decisive breakthrough in Britain's technological progress-driven economic growth?
What was the timeframe for the decisive breakthrough in Britain's technological progress-driven economic growth?
Signup and view all the answers
What is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
What is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
Signup and view all the answers
What played a key role in the Industrial Revolution by facilitating permanent TFP growth?
What played a key role in the Industrial Revolution by facilitating permanent TFP growth?
Signup and view all the answers
Which factor was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights?
Which factor was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights?
Signup and view all the answers
What does a simple model suggest leads to more TFP growth?
What does a simple model suggest leads to more TFP growth?
Signup and view all the answers
What was crucial for rising per capita incomes and demographic transition during the Industrial Revolution?
What was crucial for rising per capita incomes and demographic transition during the Industrial Revolution?
Signup and view all the answers
Which was significant in driving the Industrial Revolution's spread and impact?
Which was significant in driving the Industrial Revolution's spread and impact?
Signup and view all the answers
What reflected factors like technological progress, human capital, institutions, politics, culture, and geography?
What reflected factors like technological progress, human capital, institutions, politics, culture, and geography?
Signup and view all the answers
What was the horsepower at British industry's disposal by 1800?
What was the horsepower at British industry's disposal by 1800?
Signup and view all the answers
When did the world's first iron bridge open in England?
When did the world's first iron bridge open in England?
Signup and view all the answers
What was the increase in iron production from 1700 to 1850?
What was the increase in iron production from 1700 to 1850?
Signup and view all the answers
What signaled the new abundance of iron?
What signaled the new abundance of iron?
Signup and view all the answers
What facilitated the escape from Malthusian constraints?
What facilitated the escape from Malthusian constraints?
Signup and view all the answers
"Per capita income growth in the Solow model can come from" what?
"Per capita income growth in the Solow model can come from" what?
Signup and view all the answers
What drove induced innovation during the Industrial Revolution?
What drove induced innovation during the Industrial Revolution?
Signup and view all the answers
What was the geographical scope of the International spread of the Industrial Revolution?
What was the geographical scope of the International spread of the Industrial Revolution?
Signup and view all the answers
What was the increase in iron production from 1700 to 1850?
What was the increase in iron production from 1700 to 1850?
Signup and view all the answers
What played a central role in the Industrial Revolution prior to the adoption of new technologies?
What played a central role in the Industrial Revolution prior to the adoption of new technologies?
Signup and view all the answers
What concept helped Britain escape the Malthusian trap?
What concept helped Britain escape the Malthusian trap?
Signup and view all the answers
What reflected factors like technological progress, human capital, institutions, politics, culture, and geography?
What reflected factors like technological progress, human capital, institutions, politics, culture, and geography?
Signup and view all the answers
What was crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
What was crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
Signup and view all the answers
Which factor was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights?
Which factor was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights?
Signup and view all the answers
What was the significant outlet for Britain's industrial produce in the late C18th?
What was the significant outlet for Britain's industrial produce in the late C18th?
Signup and view all the answers
What is the probable reason for the increase in opportunity cost of schooling during the Industrial Revolution?
What is the probable reason for the increase in opportunity cost of schooling during the Industrial Revolution?
Signup and view all the answers
According to Crafts (1985), what percentage of GDP increase from 1780 to 1801 can be explained by export increase?
According to Crafts (1985), what percentage of GDP increase from 1780 to 1801 can be explained by export increase?
Signup and view all the answers
What does the demand curve D' represent in the context of the Industrial Revolution?
What does the demand curve D' represent in the context of the Industrial Revolution?
Signup and view all the answers
What did Voigtländer & Voth (2006) conclude about England's role in the Industrial Revolution?
What did Voigtländer & Voth (2006) conclude about England's role in the Industrial Revolution?
Signup and view all the answers
$S'$ represents what in the context of the Industrial Revolution?
$S'$ represents what in the context of the Industrial Revolution?
Signup and view all the answers
What was a significant factor driving technological progress during the Industrial Revolution according to McCloskey?
What was a significant factor driving technological progress during the Industrial Revolution according to McCloskey?
Signup and view all the answers
What played an accepted part of economic life during the Industrial Revolution?
What played an accepted part of economic life during the Industrial Revolution?
Signup and view all the answers
What did Crafts (1977) view technological progress as?
What did Crafts (1977) view technological progress as?
Signup and view all the answers
What was the increase in iron production from 1700 to 1850?
What was the increase in iron production from 1700 to 1850?
Signup and view all the answers
What was the horsepower at British industry's disposal by 1800?
What was the horsepower at British industry's disposal by 1800?
Signup and view all the answers
What signaled the new abundance of iron?
What signaled the new abundance of iron?
Signup and view all the answers
What concept helped Britain escape the Malthusian trap?
What concept helped Britain escape the Malthusian trap?
Signup and view all the answers
$S'$ represents what in the context of the Industrial Revolution?
$S'$ represents what in the context of the Industrial Revolution?
Signup and view all the answers
"Per capita income growth in the Solow model can come from" what?
"Per capita income growth in the Solow model can come from" what?
Signup and view all the answers
What was crucial for modern economic growth?
What was crucial for modern economic growth?
Signup and view all the answers
What is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
What is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography?
Signup and view all the answers
What played a key role in the Industrial Revolution by facilitating permanent TFP growth?
What played a key role in the Industrial Revolution by facilitating permanent TFP growth?
Signup and view all the answers
What concept suggests that more brains lead to more TFP growth?
What concept suggests that more brains lead to more TFP growth?
Signup and view all the answers
What was the initial spread of the Industrial Revolution shaped by in Europe?
What was the initial spread of the Industrial Revolution shaped by in Europe?
Signup and view all the answers
What influenced the British Industrial Revolution, strengthening parliament and courts, and securing property rights?
What influenced the British Industrial Revolution, strengthening parliament and courts, and securing property rights?
Signup and view all the answers
What was crucial for rising per capita incomes and demographic transition during the Industrial Revolution?
What was crucial for rising per capita incomes and demographic transition during the Industrial Revolution?
Signup and view all the answers
Study Notes
European Industrial Revolution and its Key Drivers
- Railway transport in the 19th century led to the spread of the Industrial Revolution in Southern Europe and Scandinavia.
- The initial spread of the Industrial Revolution was shaped by coal geography in Europe.
- Modern economic growth, measured by real GDP per capita, spread across Europe, with sustained per capita GDP growth.
- Total Factor Productivity (TFP) growth is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography.
- The British Industrial Revolution was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights.
- British interest rates caught up with Dutch rates, and the patent system likely resulted in higher TFP growth than reputation and fame alone.
- The Scientific Revolution and its focus on generating useful knowledge played a key role in the Industrial Revolution, facilitating permanent TFP growth.
- Human capital is crucial for modern economic growth, with a shift from slow technological progress to faster progress, leading to rising per capita incomes and demographic transition.
- A simple model suggests that more brains lead to more TFP growth.
- British educational attainment was low compared to European standards during the Industrial Revolution.
- The Industrial Revolution's international spread and the deep roots of modern economic growth are important topics in economic history.
- Intellectual property rights, institutions, and the role of science were significant in driving the Industrial Revolution's spread and impact.
The Impact of Coal on the British Industrial Revolution
- New technologies, such as smelting iron with coke and the Newcomen steam engine, expanded the use of coal, freeing the economy from Malthusian land constraints.
- By 1800, British industry had 170,000 horsepower at its disposal, which increased to almost 10,000,000 horsepower by 1907, while iron production rose from 12,000 tons in 1700 to over 2,000,000 tons in 1850.
- The map of the British Industrial Revolution closely aligns with the map of coalfields, demonstrating the central role of coal in shaping the revolution.
- The world's first iron bridge opened in 1781 in Shropshire, England, signaling the new abundance of iron.
- The escape from Malthus was facilitated by the increase in energy and iron production that became independent from land area.
- The British Industrial Revolution led to induced innovation, international spread, and the deep roots of modern economic growth.
- The modern production function allowed for the substitution of land area with mineral energy, making population increase no longer imply lower per capita income if accompanied by capital stock increase.
- Despite a growing population, English real wage and population level showed rising incomes.
- Per capita income growth in the Solow model can come from capital accumulation or technological progress, with sustained technological progress being necessary for sustained per capita income growth.
- TFP growth during the British Industrial Revolution initially only applied in a few small sectors but later became more visible in aggregate data.
- Induced innovation was driven by the expensive labor meeting cheap energy, creating a lucrative opportunity for innovators to develop coal-powered steam engines for commercial use.
- As steam engines became more efficient, they became part of the cost-minimizing input mix in other coal-abundant regions with relatively high wages, leading to the spread of the Industrial Revolution to other coalfields in Northern France, Belgium, and Western Germany.
European Industrial Revolution and its Key Drivers
- Railway transport in the 19th century led to the spread of the Industrial Revolution in Southern Europe and Scandinavia.
- The initial spread of the Industrial Revolution was shaped by coal geography in Europe.
- Modern economic growth, measured by real GDP per capita, spread across Europe, with sustained per capita GDP growth.
- Total Factor Productivity (TFP) growth is crucial for modern economic growth, reflecting factors like technological progress, human capital, institutions, politics, culture, and geography.
- The British Industrial Revolution was influenced by the Glorious Revolution, strengthening parliament and courts, and securing property rights.
- British interest rates caught up with Dutch rates, and the patent system likely resulted in higher TFP growth than reputation and fame alone.
- The Scientific Revolution and its focus on generating useful knowledge played a key role in the Industrial Revolution, facilitating permanent TFP growth.
- Human capital is crucial for modern economic growth, with a shift from slow technological progress to faster progress, leading to rising per capita incomes and demographic transition.
- A simple model suggests that more brains lead to more TFP growth.
- British educational attainment was low compared to European standards during the Industrial Revolution.
- The Industrial Revolution's international spread and the deep roots of modern economic growth are important topics in economic history.
- Intellectual property rights, institutions, and the role of science were significant in driving the Industrial Revolution's spread and impact.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge about the relationship between coal geography and the spread of the Industrial Revolution in Europe, as well as the impact of modern economic growth. Explore the factors that shaped the initial spread of industrialization and its influence on real GDP per capita across the continent.