Question

How did the British economy change from 1688 to 1815?

Answer 1

The British economy is the first industrialized country in the world. The drastic change in the economic system between 1688 and 1815 because of state social and home condition. Also, it affects the growth of the export trade of the country. In 1688, the economy had 4 million population, and the main occupation is agriculture. After the industrial development, the agricultural workers split their work into industry and agriculture. Many of the English merchants sent their product by ship to many of the countries including the West Indies and North America, and they captured several states and made colonies.

They started slave labor from Africa for working on tobacco, rice and sugar plantations. Not only in America and Africa but also they engaged in trade in Asian countries like India. The Royal African company's act will create Britain is one of the world largest slave traders. The rising population in North America creates a better market for British Exported goods.