Job Recruitment Website - Immigration policy - Why didn't the second industrial revolution happen in Britain?
Why didn't the second industrial revolution happen in Britain?
(1) Britain is an old capitalist country. The equipment in the textile industry and other departments that dominated the first industrial revolution is outdated, but capitalists would rather export a lot of capital abroad than use it to update domestic production equipment and adopt new technologies; When later countries adopted new technologies and equipment, Britain was still using old machinery and equipment. In the capitalist's view, it is uneconomical to tear down the old machinery and equipment that can continue to be used and replace it with new machinery and equipment, which hinders the progress of British industry.
As the largest colonial empire, Britain has a vast sales market, raw materials and cheap labor. Even in the case of low technical level, British capitalists can make huge profits from the colonies. Britain has vast overseas colonies, and colonies are the best places for capital investment. The colonial people had low living standards, cheap labor, low prices of raw materials and huge industrial profits.
(3) The rapid rise and development of emerging capitalist countries such as Germany, America and Japan. The advanced science, technology and technology brought by Britain, France and other nationalities who entered the North American continent in large numbers, together with the later western development and the gold rush in the United States, attracted a lot of money and manpower to the United States, which made the American economy grow rapidly, completed the industrialization process in a short time, and its basic industries and manufacturing industries quickly caught up with and surpassed Britain. Germany and Japan developed capitalism rapidly by virtue of their own advantages.
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