Friday, March 21, 2014

What "new" markets did industrialized states look for/create for their exports?

Many countries, considerably Britain, were very curious into the idea of creating new ways to process, and manufacture goods. This curiosity stimulated the creation of many new markets for many Europeans. One such market is the European population as a whole. With this surging population many craftspeople worked to supply them. Another such market created by industrialization was that of the Europeans providing for the whole world. Unfortunately for Europeans, nobody was very interested in what they had to offer, so they had to devise ways to produce goods people wanted to buy. They did this by copying other countries products such as Chinese porcelain. With the realization that many people bought this porcelain Europeans tried to copy it and succeeded in the 1700s. An innovator of Josiah Wedgewood provided Chinese grade ceramics for those who wanted to buy, including the British monarch. Because of his knowledge of demand for ceramics he died one of the wealthiest men in his country.

1 comment:

  1. Great start here...what else can we add here?

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