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Proto-industrialization
Proto-industrialization is the regional development, alongside commercial agriculture, of rural handicraft production for external markets. The term was introduced in the early 1970s by economic historians who argued that such developments in parts of Europe between the 16th and 19th centuries created the social and economic conditions that led to the Industrial Revolution. Later researchers suggested that similar conditions had arisen in other parts of the world. Proto-industrialization is also a term for a specific theory about proto-industries' role in the emergence of the Industrial Revolution. Aspects of the proto-industrialization theory have been challenged by other historians. Critics of the idea of proto-industrialization are not necessarily critics of the idea of proto-industries having existed prominently or having played a role as social and economic factors. Criticism of the theory has taken various forms -- that proto-industries were important and widespread but not ...
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Mughal Bengal
The Bengal Subah ( bn, সুবাহ বাংলা; fa, ), also referred to as Mughal Bengal ( bn, মোগল বাংলা), was the largest subdivision of the Mughal Empire (and later an independent state under the Nawabs of Bengal) encompassing much of the Bengal region, which includes modern Bangladesh and the Indian state of West Bengal, Indian state of Bihar, Jharkhand, Odissa between the 16th and 18th centuries. The state was established following the dissolution of the Bengal Sultanate, a major trading nation in the world, when the region was absorbed into one of the gunpowder empires. Bengal was the wealthiest region in the Indian subcontinent, due to their thriving merchants, Seth's, Bankers and traders and its proto-industrial economy showed signs of driving an Industrial revolution. Bengal Subah has been variously described the "Paradise of Nations" and the "Golden Age of Bengal", due to its inhabitants' living standards and real wages, which were am ...
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Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power and water power, the development of machine tools and the rise of the mechanized factory system. Output greatly increased, and a result was an unprecedented rise in population and in the rate of population growth. Textiles were the dominant industry of the Industrial Revolution in terms of employment, value of output and capital invested. The textile industry was also the first to use modern production methods. The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin. By the mid-18th century, Britain was the world's leadi ...
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Mughal Empire
The Mughal Empire was an early-modern empire that controlled much of South Asia between the 16th and 19th centuries. Quote: "Although the first two Timurid emperors and many of their noblemen were recent migrants to the subcontinent, the dynasty and the empire itself became indisputably Indian. The interests and futures of all concerned were in India, not in ancestral homelands in the Middle East or Central Asia. Furthermore, the Mughal empire emerged from the Indian historical experience. It was the end product of a millennium of Muslim conquest, colonization, and state-building in the Indian subcontinent." For some two hundred years, the empire stretched from the outer fringes of the Indus river basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India. Quote: "The realm so defined and governed was a vast territory of some , rang ...
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West Bengal
West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourth-most populous and thirteenth-largest state by area in India, as well as the eighth-most populous country subdivision of the world. As a part of the Bengal region of the Indian subcontinent, it borders Bangladesh in the east, and Nepal and Bhutan in the north. It also borders the Indian states of Odisha, Jharkhand, Bihar, Sikkim and Assam. The state capital is Kolkata, the third-largest metropolis, and seventh largest city by population in India. West Bengal includes the Darjeeling Himalayan hill region, the Ganges delta, the Rarh region, the coastal Sundarbans and the Bay of Bengal. The state's main ethnic group are the Bengalis, with the Bengali Hindus forming the demographic majority. The area's early history featured a succession ...
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Putting-out System
The putting-out system is a means of subcontracting work. Historically, it was also known as the workshop system and the domestic system. In putting-out, work is contracted by a central agent to subcontractors who complete the project via remote work. It was used in the English and American textile industries, in shoemaking, lock-making trades, and making parts for small firearms from the Industrial Revolution until the mid-19th century. After the invention of the sewing machine in 1846, the system lingered on for the making of ready-made men's clothing. The domestic system was suited to pre-urban times because workers did not have to travel from home to work, which was quite unfeasible due to the state of roads and footpaths, and members of the household spent many hours in farm or household tasks. Early factory owners sometimes had to build dormitories to house workers, especially girls and women. Putting-out workers had some flexibility to balance farm and household chores wi ...
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Muslim World
The terms Muslim world and Islamic world commonly refer to the Islamic community, which is also known as the Ummah. This consists of all those who adhere to the religious beliefs and laws of Islam or to societies in which Islam is practiced. In a modern geopolitical sense, these terms refer to countries in which Islam is widespread, although there are no agreed criteria for inclusion. The term Muslim-majority countries is an alternative often used for the latter sense. The history of the Muslim world spans about 1,400 years and includes a variety of socio-political developments, as well as advances in the arts, science, medicine, philosophy, law, economics and technology, particularly during the Islamic Golden Age. All Muslims look for guidance to the Quran and believe in the prophetic mission of the Islamic prophet Muhammad, but disagreements on other matters have led to the appearance of different religious schools of thought and sects within Islam. In the modern era, mos ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ...
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Sheilagh Ogilvie
Sheilagh Catheren Ogilvie, FBA (born 7 October 1958) is a Canadian historian, economist, and academic, specialising in economic history. Since 2020, she has been Chichele Professor of Economic History at the University of Oxford. Previously, she taught at the University of Cambridge. Early life and education Ogilvie was born on 7 October 1958 to Robert Townley Ogilvie and Sheilagh Stuart Ogilvie. She was brought up in Calgary, Alberta, Canada. She was educated at Grantown Grammar School, a state school in Grantown-on-Spey, Scotland, and at Queen Elizabeth High School in Calgary, Alberta. She studied modern history and English at the University of St Andrews, graduating with a first class undergraduate Master of Arts (MA Hons) degree in 1979. She undertook postgraduate research in history at Trinity College, Cambridge, and completed her Doctor of Philosophy (PhD) degree in 1985. Her doctoral thesis was titled "Corporatism and regulation in rural industry: woollen weaving in Wurtte ...
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Dutch East India Company
The United East India Company ( nl, Verenigde Oostindische Compagnie, the VOC) was a chartered company established on the 20th March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. They are also known for their international slave trade. Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Eur ...
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Om Prakash (historian)
Om Prakash (born January 1940, in Delhi) is an Indian economic historian. He is noted for his work on the Dutch East India company in Bengal, and also for his work on coinage, precious metal trade, and other aspects of pre-colonial commerce between Europe and India. In 2005, he was knighted by the Dutch queen. Early life and education He did his M.A. from the Delhi School of Economics in 1961, ranking first, and continued with his PhD in Economic History. His thesis, ''The Dutch East India Company and the Economy of Bengal, 1630-1720'', is based on archival material from the Nationaal Archief at the Hague. It was published as a book by the Princeton University Press in 1985. Career Subsequently, Prakash joined the Delhi School of Economics faculty from 1965 and 2005. His work is highly regarded in the Netherlands, where he is a Foreign Member of the Royal Netherlands Academy of Arts and Sciences, Haarlem (since 2000). In April 2005, he was honoured as a "Knight in the O ...
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Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali, one of the easternmost branches of the Indo-European language family. Bangladesh forms the sovereign part of the historic and ethnolinguistic region of Bengal, which was divided during the Partition of India in ...
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Economy Of The Song Dynasty
The economy of the Song dynasty (960–1279) in China was the wealthiest economy in the world during its time. The dynasty moved away from the top-down command economy of the Tang dynasty (618-907) and made extensive use of market mechanisms as national income grew to be around three times that of 12th century Europe. The dynasty was beset by invasions and border pressure, lost control of North China in 1127, and fell in 1279. Yet the period saw the growth of cities, regional specialization, and a national market. There was sustained growth in population and per capita income, structural change in the economy, and increased technological innovation. Movable print, improved seeds for rice and other commercial crops, gunpowder, water-powered mechanical clocks, the use of coal as an industrial fuel, improved iron and steel production, more efficient canal locks, were only the most important technological innovations. Commerce in global markets increased significantly. Merchants inve ...
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