The significance of Agrarian revolution in Britain.
- The Agrarian revolution led to the increase in the food production. This was greatly contributed by mechanization (Chu, Peretto, & Wang, 2020). The machine that were invented contributed great in producing more plenty food for the growing population.
- The Agrarian revolution led to the increase in the population in Britain. This is was due to the sufficient food produced from Agriculture (Bowles & Choi, 2019). The population is estimated to tremendously increase from 5.5million people in 1700 to more than 32million people at the end of the 18th century.
- The revolution led to the development of trading between markets, requiring merchants, credit and forward sales, and knowledge of markets and pricing as well as of supply and demand in different markets. According to Zhang (2019), eventually the market evolved into a national one driven by London and other growing cities. Commerce was aided by the expansion of roads and inland waterways.
Chu, A. C., Peretto, P., & Wang, X. (2020). Agricultural Revolution and Industrialization.
Bowles, S., & Choi, J. K. (2019). The Neolithic agricultural revolution and the origins of private property. Journal of Political Economy, 127(5), 2186-2228.
Zhang, J. (2019). Beyond the ‘hidden agricultural revolution’and ‘China’s overseas land investment’: Main trends in China’s agriculture and food sector. Journal of Contemporary China, 28(119), 746-762.