Tracing Economic Patterns in Great Britain

Describes the transitions and patterns of Britain’s economy from a historical perpsective.

The country of Great Britain is arguably the first country to ever experience the impact of new economies, based primarily in their position as a leader in new social and technological innovations. Great Britain’s acceptance of change placed it in the position to profit financially from changes within their social system, indicating that the recent history of this country’s economy can be traced to various social trends. This paper describes the transitions in the economy of Great Britain from the Agricultural Revolution to the recent day, with a focus on the economic rise and fall of the country.