Tuesday, 2 December 2014

How The Industrial Revolution Paved The Way For Better Finance And Trade



http://readtriviaonline.blogspot.com/
Did you know that the industrial revolution paved the way for Britain to be one of the most prosperous nations around the world?

It all started with the country's cotton industry that was developed from its world trading system. From water power that was used for spinning and weaving machines to steam engines that were adapted to provide power to factories and mills that were set up as a result of increasing demand for manufactured goods across the globe, Britain continued to prosper. Then the development of railway and canal system made it much easier for the country to exploit the raw materials from her empires overseas such as South Africa, India, Nigeria, Canada, and the most popular one, Hong Kong.

As you can see, the British Empire had reached almost every corner of the globe. Hong Kong became a British colony as a result of their victory over their war against the Chinese in 1842.  When people in China became addicted to opium being smuggled into the country by European traders, the Chinese government tried to stop this trade. However, the British protested. For three years, the two countries have fought over access to the Chinese ports. Since China was defeated, the British forced them to grant trading rights. For 100 years, Hong Kong Island was a British colony. And during these years, it has evolved to be a greatly successful center of finance and trade.

Trivia Info Resource: www.eureeca.com

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