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Industrial Revolution started and made its biggest strides in England because of her uniquely inclusive economic institutions. These in turn were built on foundations laid by the inclusive political institutions brought about by the Glorious Revolution of 1688. It was the Glorious Revolution that strengthened and rationalized property rights, improved financial markers, undermined state-sanctioned monopolies in foreign made, and removed the barriers to the expansion of industry. It was the Glorious Revolution that made the political system open and responsive to the economic needs and aspirations of society. These inclusive economic institutions gave men of talent and vision the opportunity and incentive to develop their skills and ideas and influence the system in ways that benefited them and the nation. England developed pluralistic institutions breaking ways from extractive institutions. Political developments leading up to Glorious Revolution were shaped by several interlinked processes. Central was the political conflict between absolutism and its opponents.

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Created: 1 year ago | Updated: 1 year ago
Updated: 1 year ago

Suitable Title: Glorious Revolution and its impact on England.

1 year ago

English

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