The Pace of Industrial Change


 
 
Concept Explanation
 

The Pace of Industrial Change

The Pace of Industrial Change: The most dynamic industries in Britain were cotton and metals. Growing at a rapid pace, cotton was the leading sector in the first phase of industrialisation upto the 1840s. After that the iron and steel industry led the way. By 1840s the demand for iron and steel increased rapidly with the expansion of railways. By 1873, Britain started exporting iron and steel worth about £ 77 million and it was double the value of its cotton exports.

 
 


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