Question

Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:

A vast Overseas Market

Answer 1

The role of the given factor in stimulating industrial expansion in England in the 18th Century is described as under:

A vast Overseas Market: Overseas trade, brought into plenty of money to England. After the Battle of Plassey (1757), the East India Company compelled our people to sell their goods below the market-rate and purchase the commodities they had brought at very high prices. As England had acquired Canada also, her trade developed considerably. She had now, a big market for her products.