Why did Britain lead the way into the Industrial Revolution? What advantages did the island nation possess that permitted it to
achieve world economic dominance by 1850?
Britain possessed all levels of society. A hard working, inventive, risk taking private sector with strong government support. Britain had a better transportation network than any other country in Europe, mastery of the seas, excellent ports, a large merchant fleet. Safe from war a chance to industrialize in safe conditions. The bank of England served as a base for economic growth. Britain had a relaxed and flexible social political system. Britain had a stable society.