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The Economic Underpinnings Of The First Industrial Revolution In England Beginning of Paper The manufacture of military munitions and the development of a home market were critical underpinnings of the first industrial revolution in Britain. Military manufacturing supported by the British Government contributed directly to technological innovation and spurred industrializa .... Middle of Paper .... developed for military manufacturing then spilled over into the civilian sector of the economy. And because it was now a tested technology investors who were normally cautious were willing to put their capital into these ventures which instead of pouring iron to make guns now made iron ore into stoves and pots. The second critical underpinning of the first industrial revolution was the development of a home market in Britain. The first British industrialists manufactured textiles; specifically cotton for the home market. The gr .... 439 words | 2 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95