Ias Research work on To what extent has industrialization affected the trading policies in the UK between 1760 to 1840

1. Ias Research

2. To what extent has
industrialization
affected the trading
policies in the UK
between 1760 to 1840
Research
Question

3. Brief Of Industrialization
The term Industrialization refers to the procedure
or the action which results to an economy convert
from agriculture dependent to another one which
is the production of goods. In this process the
human workers are replaced where new
innovation/technology that comes in with the
mechanism of automatic production of mass
goods and the concept of craftsmen is also
changed to assembly lines.

4. Key
Components
SubTopics Included
● Effect on Economy
● Mercantilism
● Trade Policy India-UK
● Trade Triangle

5. Effect On
Economy

6. Industrialization Effect on Economy in the UK
Positive Points -
1) The Mode of communication where people contacted others improved dramatically and
new modes of travelling were introduced which were key components that led to
development of cities.
2) The standards of living was changed by a big percent after the occurrence of
Industrialization.
Negative Points -
1) The Innovations led to the decrease of Jobs as machines replaced human workers so
Jobless percentage was increasing and Salary was also decreased (Explanation on Next
Slide)
2) A Study also showed that Industrialization led to people working for more time with
lesser salary.

8. ● Concept of DeSkilling was introduced when the producing system
methods were divided into many different smaller jobs and this required
workers with lesser skills.
● Before Industrialization People were paid fairly good amount on the end
result/quality of their selling product but later it changed to work time =
pay basis where workers were paid per hour/day or depending on how
much work do they do.
● Work Hours increased where at times people had to work 24 hours
straight in factories such as steel and that was ended up exploiting
workers.
Information (Negative Points)

9. Information (Positive Points)
● New Factories and Production methods led to innovations and newer
technology that helped in several fields such as the medical field where there
were more cures coming up and medicines were widely available.
● The productivity level was increased by a big percentage and that led to
producing mass goods in less amount of times which resulted in better
standards of living and production of more goods in many different sectors.
● It contributed a lot in the growth of the economy.

10. There was a change , as a result a rise in the economy
occurred at the start of industrialization

11. Mercantilism and
the Colonies of
Great Britain

12. Introduction
While comparing we can see that the UK is smaller than The US and England has
few natural resources. Marchantilism is a policy (economic) made to increase a
country's wealth through exporting which thrived in the UK between 16th and 18th
Century.
In simple words Mercantilism was a policy in economic terms which was made to
grow a nation's wealth by exporting which occured in the UK between 1600’s and
1800’s and this resulted in balance of trade which was to increase nation’s wealth.

14. Information
As an example of the change in trading policies , The UK passed the Acts if Trade and
Navigation which was a law made to make American colonies extra dependent on
products that are made in the UK and another policy came where there was a set of
protected goods that could only be sold to UK merchants which included cotton , iron
and sugar.
One of the Big changes was when the territories did not have much bullion to spread in
the market so they issued paper currency instead of dealing in gold and silver.
Sometimes when this printing was not managed properly it leaded to inflation.

15. Conclusion - Change in Trading Policies
● The concept of Mercantilism in the United Kingdom (Britain) contained the
economic scene that to achieve increasing in money/wealth, the territories
would be the major contractor of raw materials and export of finished
products.
● The concept of Mercantilism got into many actions against humankind which
included slavery and a not balance and handeled structure of trading
● There was a big issue that occured which included times of inflation and high
amount of taxes being charged during the UK (Britain's) Mercantilism Time
and this led to a huge amount of Distress.

17. Trade Policy
1800-1947
British-India

18. Information
The trade policy Which took place
in around 1800 was a policy of the
Britain Government in India which
did not promote most Indian
Manufacturers or consumers. It
referred to rates of duties , tariffs ,
agreements, etc. This affected the
quantity of goods and its price
when exported or imported.

19. THE BRITAIN-CHINA-
INDIA TRADE
TRIANGLE (1771-1840)

20. Introduction & Information
The term Triangular trading is the dealing between China , India and UK During 1900’s. Traders from the UK
took opium from Ind to China and Tea from China to the UK. By the 1900’s the exporting of hand loom from
Ind decreased when the exporting of raw materials like cotton and grains grew. From the UK , goods that
were made were transported to India that led to a decline of Indian artisanal development.
- Triangular trade formation was started by the UK with China and India with products like Silver and Tea
which were traded and exchanged between these countries.
- Merchants from the UK took Opium from India to China
- England received Silver and Tea from China
- The policy / rules for trading was a Big plan by the UK to gain profits
- British used India as a colony to produce opium at the time
- Later the opium which was sold in china got tea and silver in return which was exported to the UK

22. Summary and
Conclusion of The
Research
Question

23. Conclusion
We can conclude with several points which are
listed below that show “Industrialization Played a
Big role in Changes of Trading Policies in the
UK”
- Mercantilism , Policies , Usage of Paper
currency
- Britain-India-China Triangular Trading
- British Trade Policy to Not Promote Indian
Consumer/Producer
- Changes in Economy
- Usage of Paper currency , Inflation Times

24. Sources that
helped me
conduct the
research
Britannica, The Editors of Encyclopaedia. "Industrial
Revolution". Encyclopedia Britannica, 21 Jul. 2021,
https://www.britannica.com/event/Industrial-
Revolution. Accessed 28 September 2021.
https://webpages.cs.luc.edu/~dennis/106/106-
Bkgr/20-Industrial-Rev.pdf
https://www.investopedia.com/ask/answers/072815/
what-are-some-drawbacks-industrialization.asp
http://foundations.uwgb.org/cause-and-effect/
https://journals.sagepub.com/doi/abs/10.1177/00194
6467401100402?journalCode=iera

25. Thank You! - Ilhan Valani