1. The Industrial Revolution in England
... alone could not fuel the Industrial Revolution. It also needed the external factors to complete the Industrial Revolution. The first external factor was that the capital from the slave trade led to the growth of industries and banks throughout England. According to Eric Williams, many of the 18th century banks were directly associated with the triangular trade. Heywood Bank was founded in Liverpool in 1773. One of the senior partners of the bank, Thomas Parke had ... . Rum was an essential part of the cargo of a slave ship. The growth of shipping industries was the fourth external factor...
- Word Count: 1212
- Approx Pages: 5
- Grade Level: Undergraduate