Financier with Shadow Icon
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Dealers, and introductions in practice of the new relations favorable for trade.
It pressed all on the industry, demanding expansion of manufacture for
Satisfactions of demand in the new markets, but this pressure promoted not
To fall, and is faster to rise in prices. During a XIX-th century the picture has changed. Growth
Trade it was urged on by demand of factories for raw materials and the new markets, which
Appeared more likely thanks to reduction in price of factory production, than in force
Reductions in price of transport or change of conditions of trade. Manufacture expansion
Was not a rise in prices consequence: if to consider influence of wars and depressions, a XIX-th century
Appears as an epoch of the decreasing prices. To put it briefly, this century
Economic pressure in favour of expansion of trade and transport
Possibilities had the reason manufacture of the increasing volume of production.
Technological progress conducted to reduction of production costs and decrease
Having done to trade justice for its role in increase of well-being of the West,
Let's address to a role of increase in a physical volume of output. Some, and
Can be, the most part of economic growth in industrial revolution
It was defined by organisation and "know-how" perfection. Itself on
To itself the manufacture increase would not lead to well-being growth, if not
There was a system of warehouses, shops, trade, financing and transport,
Thanks to which the made comes into the hands of consumers. Anything such not
Would be and in the event that not market relations, thanks to which choice
Buyers defined worthy size of compensation of efforts of manufacturers.
But warehouses, shops, dealers, financiers, transport and market relations were
Not only in the West, also do not explain size of a volume of output on soul
To put it briefly, in industrial revolution technological and
Organizational improvements figured more at growth of riches,
Than till 1750. These improvements became possible and were based on
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