Answer:
see below
Explanation:
Your understanding of the Industrial Revolution could change significantly depending on which of these three perspectives you subscribe to:
European Miracle: This perspective posits that Europe’s unique cultural and institutional factors led to its economic development and eventual Industrial Revolution. The theory suggests that Western Europe had a well-developed set of institutions as early as the late medieval period, which were more conducive to market exchange than those in other parts of the world. This perspective might lead you to view the Industrial Revolution as a result of Europe’s unique cultural and institutional characteristics.
Great Divergence: This viewpoint emphasizes the socioeconomic shift where the Western world overcame pre-modern growth constraints and emerged as the most powerful and wealthy world civilizations during the 19th century. The largest jump in the divergence happened in the late 18th and 19th centuries with the Industrial Revolution and Technological Revolution. From this perspective, you might see the Industrial Revolution as a key factor in the divergence of the West from the rest of the world.
Trade and Empire School of Thought: This perspective might lead you to view the Industrial Revolution as a result of Britain’s global trade empire and the exploitation of overseas resources. Larger firms that could achieve economies of scale held an advantage in the competitive sphere of international trade. This perspective might lead you to view the Industrial Revolution as a product of global trade dynamics and imperial exploitation.
Each of these perspectives offers a different lens through which to view the Industrial Revolution, highlighting different factors and forces that contributed to this transformative period in history.
I hope this helps! :)
