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So, to wrap up, the Industrial Revolution at the end of the 18th century and thereafter altered not only the foundations of the economy but also the very assumptions with which people approached economics. |
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Moreover, one can suggest that Britain in the 18th and 19th centuries had ample supplies of coal and a well-developed network of canals, all of which proved important for industrialization. |
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In fact, by the end of the 18th century and the early 19th century, London had become the leading centre for international trade and a headquarters for the transfer of raw materials, capital, and manufactured products throughout the world. |
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Actually, the Industrial Revolution began with dramatic technological leaps in a few industries towards the end of the 18th century and the early 19th century, the first of which was cotton textiles. |
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Undoubtedly, at the end of the 18th century and during the early decades of the 19th century, expanding networks of trade and finance in Britain created new markets for goods and new sources of raw materials. |