THE FIRST INDUSTRIAL REVOLUTION AND GENERAL FEATURES OF THE WORLD ECONOMY BETWEEN THE 16TH CENTURY AND 1780

Abstract

The present study is the fruit of the research and represents a very small part of a serious and of reference work called Economic History, that stretches temporally, over a period, starting from the oldest times, until Romania's accession to the European Union. The main purpose, stated, is not to list facts in chronological order, but to bring to light, relevant aspects from which to draw pertinent conclusions to become a guideline on the aspects faced by human communities, in everyday life, about what can happen in a society, over time. The First Industrial Revolution, with its beginnings, is a great landmark in the fundamental becoming of the human society. The research methods used are mainly, the deductive (hypothetical-deductive) and the analogy, also, the objectivity and the goal I pursue is truth. In fact, in the present study, we have briefly debated, two complementary aspects, namely, the roots of the first industrial revolution, in its beginning stage and then, the general features of the global economy, as a result of the revolution.

Keywords

• Middle Ages
• Hydraulic energy
• Industrial revolution
• Export
• Tarrifs