19th-century British business

In the 19th century, British business transformed dramatically, largely due to the Industrial Revolution. Factories emerged, focusing on mass production of goods such as textiles and iron. This era saw the rise of entrepreneurs and capitalists, supported by innovations like the steam engine and advancements in transportation, including railways. The expansion of trade, both domestic and colonial, fueled economic growth. Additionally, banking systems evolved, facilitating investments. The period also witnessed challenges like labor exploitation and social inequality, prompting the beginnings of labor rights movements. Overall, 19th-century British business laid the groundwork for modern capitalism and industrialization.