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Availability of Capital
• Empire matters
• Investors looking for solidity, not bubbles
• Reinvestment of profits
What made Britain different?
• Single common market
• Common coinage
• Common system of weights and measures
• No internal tolls
• Lack of regulation
Costs
• Old jobs lost
• Societal disruption (mass society)
• Emphasis on punctuality
• Consumer culture
• Pollution