The papers in this edited volume discuss key elements of monetarism, including coin denominations, the role of bullion and case studies of substitute moneys.

The papers in this edited volume discuss key elements of monetarism, including coin denominations, the role of bullion and case studies of substitute moneys.

The 'Industrial Revolution' was a pivotal point in British history that occurred between the mid-eighteenth and mid-nineteenth centuries and led to far reaching transformations of society. With the advent of revolutionary manufacturing technology productivity boomed. Machines were used to spin and weave cloth, steam engines were used to provide reliable power, and industry was fed by the construction of the first railways, a great network of arteries feeding the factories. Cities grew as people shifted from agriculture to industry and commerce. Hand in hand with the growth of cities came rising levels of pollution and disease. Many people lost their jobs to the new machinery, whilst working conditions in the factories were grim and pay was low. As the middle classes prospered, social unrest ran through the working classes, and the exploitation of workers led to the growth of trade unions and protest movements. In this Very Short Introduction, Robert C. Allen analyzes the key features of the Industrial Revolution in Britain, and the spread of industrialization to other countries. He considers the factors that combined to enable industrialization at this time, including Britain's position as a global commercial empire, and discusses the changes in technology and business organization, and their impact on different social classes and groups. Introducing the 'winners' and the 'losers' of the Industrial Revolution, he looks at how the changes were reflected in evolving government policies, and what contribution these made to the economic transformation. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.

In late eighteenth-century Britain a handful of men brought about the greatest transformation in human history. Inventors, industrialists and entrepreneurs ushered in the age of powered machinery and the factory, and thereby changed the whole of human society, bringing into being new methods of social and economic organisation, new social classes, and new political forces. The Industrial Revolution also dramatically altered humanity's relation to the natural world and embedded the belief that change, not stasis, is the necessary backdrop for human existence. Iron, Steam and Money tells the thrilling story of those few decades, the moments of inspiration, the rivalries, skulduggery and death threats, and the tireless perseverance of the visionaries who made it all happen. Richard Arkwright, James Watt, Richard Trevithick and Josiah Wedgwood are among the giants whose achievements and tragedies fill these pages. In this authoritative study Roger Osborne also shows how and why the revolution happened, revealing pre-industrial Britain as a surprisingly affluent society, with wealth spread widely through the population, and with craft industries in every town, village and front parlour. The combination of disposable income, widespread demand for industrial goods, and a generation of time-served artisans created the unique conditions that propelled humanity into the modern world. The industrial revolution was arguably the most important episode in modern human history; Iron, Steam and Money reminds us of its central role, while showing the extraordinary excitement of those tumultuous decades.

Money and Coinage in the Middle Ages presents an original and valuable set of studies into aspects of a critical but challenging category of material.

Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution--and the unprecedented economic growth that came with it--occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich--and why did it make large parts of the world even poorer? In A Farewell to Alms, Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture--not exploitation, geography, or resources--explains the wealth, and the poverty, of nations. Countering the prevailing theory that the Industrial Revolution was sparked by the sudden development of stable political, legal, and economic institutions in seventeenth-century Europe, Clark shows that such institutions existed long before industrialization. He argues instead that these institutions gradually led to deep cultural changes by encouraging people to abandon hunter-gatherer instincts-violence, impatience, and economy of effort-and adopt economic habits-hard work, rationality, and education. The problem, Clark says, is that only societies that have long histories of settlement and security seem to develop the cultural characteristics and effective workforces that enable economic growth. For the many societies that have not enjoyed long periods of stability, industrialization has not been a blessing. Clark also dissects the notion, championed by Jared Diamond in Guns, Germs, and Steel, that natural endowments such as geography account for differences in the wealth of nations. A brilliant and sobering challenge to the idea that poor societies can be economically developed through outside intervention, A Farewell to Alms may change the way global economic history is understood.