London in the Age of Industrialisation: Entrepreneurs, by L. D. Schwarz

By L. D. Schwarz

This publication is the 1st full-length research of the London operating inhabitants and the consequences of the economic revolution in London to seem for over sixty years. sooner than the mid-nineteenth century London would possibly not have skilled the direct results of the commercial revolution to any nice quantity, however the oblique results have been felt strongly. L. D. Schwarz disagrees with the view that "The commercial revolution used to be a typhoon that omitted London and broke elsewhere," and seeks to pass judgement on the impact of industrialization on what was once the country's biggest production urban. Its dimension and function as nationwide capital intended that London was once in definite vital respects precise, however it was once still prone to a number of the wider monetary modifications that happened throughout the interval 1700-1850, and Dr. Schwarz deals a close research of the adjustments to the economic system and social constitution of London those wrought.

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These will be discussed in this chapter and in chapter two. The great increase in the services was over by the 1730s: it may be significant that the insurance policies for the years 1775-87 produce a figure of one-third of the policy holders involved in manufacturing, the same as the total population in 1851, but less than at the start of the eighteenth century. 3 Whatever the precise chronology, it is quite likely that during these two centuries there was a shift towards a labour force more orientated towards the production of services.

Framework-knitting, which had been practised in seventeenth-century London on quite a large scale, had already been driven out by the middle of the century 9 - only two framework knitters took out insurance policies later in the century - and it was around the mid eighteenth century that London shoe retailers began the practice of sending to Northampton to have their shoes made. , 1980), I, pp. 4, 31, 45. Stedman Jones, Outcast London, pp. 19-32, 99-111, 152-3. W. Felkin, A History of the Machine-Wrought Hosiery and Lace Manufactures (1867), pp.

20 But dealing increased. It was particularly important in London; by its nature it was widespread across the town, it contained an extremely large part of the capital's wealth, and it was destined to grow and to become more important still. The other sectors of the metropolitan economy were also less 20 Earle, Making, p. 357, n. 187. There is also a suggestion from another source that the importance of sailors declined. The Customs reported some 12,000 Londoners involved in international trade in 1703, which would be some 7 per cent of the adult male population.

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