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The Lever of RichesTechnological Creativity and Economic Progress$
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Joel Mokyr

Print publication date: 1992

Print ISBN-13: 9780195074772

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195074772.001.0001

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The Years of Miracles: The Industrial Revolution 1750–1830

The Years of Miracles: The Industrial Revolution 1750–1830

(p.81) Chapter Five The Years of Miracles: The Industrial Revolution 1750–1830
The Lever of Riches

Joel Mokyr

Oxford University Press

This chapter discusses the technological progress in the Industrial Revolution, usually dated between about 1750 and 1830. It notes that although Britain is frequently thought of as its locus, a large part of the new technology was the result of work done in other European countries and, later, in the United States. The chapter observes that the fruits of the Industrial Revolution were slow in coming, and that although per capita consumption and living standards increased little initially, production technologies changed dramatically in many industries and sectors, which prepared the way for sustained Schumpeterian growth in the second half of the nineteenth century, when technological progress spread to previously unaffected industries. It examines the technological changes during this period occurring in four main groups, namely: power technology, metallurgy, textiles, and a miscellaneous category of other industries and services.

Keywords:   Industrial Revolution, Britain, European countries, United States, Schumpeterian growth, technological progress, power technology, metallurgy, textiles, industries

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