“when london merchants urge repeal” (january 17, 1766) referred
to “this trade, consisting of british manufactures exported, and of
the import of raw materials from america, many of them used in
our manufactures, and all of them tending to lessen our dependence
on neighboring states,” what economic system was specifi cally being
described?
(a) stochastic
(b) mercantilism
(c) qualitative
(d) keynesian
(e) laissez-faire

the industrial revolution pushed the world into modern industrialization. it changed the course of history profoundly. it caused rapid urbanization and pushed cities and countries into development. the industrial revolution began in great britain with a series with new inventions which led to the creation of machines and mass production.

this caused the country to gain wealth and money and become an international superpower. it improved transportation and manufacturing inside the country, pushed people to live in urban areas and britain to become the most powerful nation in the world for a while.