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4. The Age of Industrialisation
                       4. The Age of Industrialisation




                                                         Memory  Points
                                                         Memory  Points
                •  Proto-industrialisation refers to the phase which existed before the first factories were established in
                   Europe.
                •  In the 17th and 18th centuries, merchants from Europe moved to the countryside, supplying money
                   to peasants and artisans to produce for an international market.

                •  In the 1730s, the earliest factories in England were set up. Cotton was the first symbol of the new era,
                   and its production boomed in the late 19th century.
                •  New  industries  found  it  hard  to  replace  traditional  ones  which  changed  slowly.  Despite  this,
                   technological progress gradually continued.
                •  James Watt improved the steam engine produced by Newcomen and patented the new engine in
                   1781.

                •  Industrialists required substantial capital investment rather than just machinery, and many industries
                   had seasonal labour demands. In sectors with fluctuating production, they typically preferred hiring
                   seasonal hand labour.
                •  In India, silk and cotton goods dominated the international market in textiles before the age of
                   machine industries.
                •  After the East India Company established political power, it developed a system of management to
                   control costs, competition, and regular supplies.

                •  Weaving required the labour of the entire family, with children and women all engaged in different
                   stages of the process.
                •  The development of mills in India saw significant growth in the mid-19th century:
                   1854: The first cotton mill in Bombay was established.

                   1855: The first jute mill was set up in Bengal.
                   1860: The Elgin Mill was started in Kanpur, North India.

                   1861: The first cotton mill was set up in Ahmedabad.
                   1874: The first spinning and weaving mill in Madras began production.
                •  In the late 18th century, the British in India began exporting opium to China and took tea from China
                   to England. Some of the businessmen who were involved in these trades were:
                   Dwarkanath Tagore: Industrial ventures in Bengal

                   Dinshaw Petit: Industrial empire in Bombay
                   Jamsetjee Nusserwanjee Tata: Key industrialist in Bombay

                   Seth Hukumchand: First Indian jute mill in Calcutta, 1917
                   Bird Heiglers & Co.: Major European Managing Agency
                   Andrew Yule: Prominent European Managing Agency

                   Jardine Skinner & Co.: Key European Managing Agency

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