Explain the Industrial Revolution and show that “why did it
happen first in the 18th Century, on an island off the coast of
Europe (the United Kingdom)?”. Please, explain each fundamental
concepts and use diagrams.
Compare and contrast the second industrial revolution (late nineteenth century to the early twentieth century) to the first industrial revolution (late eighteenth century to the early nineteenth century).
Who was Josiah Wedgwood and what role did he play in the British
Industrial Revolution and in the advancement of accounting? Also
discuss how his new accounting techniques could have been used for
in a very positive way, and how some of his new techniques could
result in negative consequences.