It was only after meeting Meyer that William felt compelled to focus more on finance and industry, which were arguably the most important of the country's components.
James Watt of England built the first practical steam engine.
Later, after a series of major improvements, it became the "universal prime mover", and this invention opened the prelude to what was later called the first industrial revolution.
The first industrial revolution can also be called a product of the times, and its origin can be said to be the forced British bourgeois revolution in the middle of the century, which overthrew the British feudal system and established a constitutional monarchy based on the alliance of the bourgeoisie and the landed aristocracy.
The bourgeoisie used state power to accelerate the implementation of policies and measures for the development of capitalism, which promoted the rapid formation of the preconditions for the industrial revolution.
The bourgeoisie, through its large-scale foreign plunder, and through its domestic national debt system and excise tax policy, amassed enormous wealth, which provided the necessary monetary funds for the Industrial Revolution; The large-scale enclosure movement provided a lot of impetus for the industrial revolution and a vast domestic market.
Here it is necessary to state what enclosure is: In the process of the dissolution of serfdom, the new bourgeoisie and the new aristocracy in Britain drove the peasants off the land through violence, forcibly seized the peasants' share of land and public land, deprived the peasants of their land use rights and ownership, restricted or abolished the original common right to cultivated land and animal husbandry, and encircled the forcibly occupied land and turned it into private ranches and farms.
This is the "enclosure movement" in British history.
Maybe what we see now is just a brief introduction, a plain text, but for example: According to the survey report, Leicestershire in the United Kingdom has enclosed 100,000 acres of land in two years, accounting for about 2% of the county's land.
Most of the enclosure was turned into pasture.
The main occupiers were the gentry, and the peasants who occupied the total area of the enclosure in Leicestershire were forced to sell their land, or to leave the country, or to wander from place to place, and to find themselves in a state of utter misery.
As the English bourgeoisie gained decisive advantage of the royal power, urban industry developed further and the urban population increased dramatically.
As a result, the demand for agricultural products has increased.
In order to produce meat and commercial grain to supply the needs of the city, the landlord aristocracy expanded investment, improved the productive capacity of the land, and accelerated the enclosure of land.
The bourgeoisie, on the other hand, strongly encouraged the enclosure to legislate by parliament.
The landlord aristocracy relied on the state apparatus to force the peasants to obey the enclosure law.
Farmers could not afford the cost of land enclosure, or were forced to sell their land because they were unable to maintain their production and livelihood because they had lost the right to use public land.
With the invention of the seed planter, a revolution in agricultural production technology began.
It was precisely because of the extreme greed of the bourgeoisie for land that a large number of peasants lost their land, and these peasants were the labor force.
The vigorous development of the handicraft industry in the workshop has trained a large number of skilled workers with rich practical experience, creating conditions for the invention and application of machines; The development of the natural sciences and their achievements, especially Newton's mechanics and mathematics, laid the scientific theoretical foundation for the creation of machines.
The booming workshop handicraft industry, which has accumulated a wealth of knowledge of production technology, has increased production, but it is still unable to meet the expanding market demand.
Thus, a revolution in the means of production was called.
The Industrial Revolution first appeared in the factory handicraft industry, the emerging cotton textile industry mechanic Kaye invented the shuttle, which greatly increased the weaving speed, and the cotton yarn was suddenly in short supply, and the weaver Hargreaves invented the "Jenny Spinning Machine", which greatly increased the output of cotton yarn.
The emergence of the "Jenny spinning machine" first triggered a chain reaction of the invention of machines and technological innovation in the cotton textile industry, and opened the prelude to the industrial revolution.
Since then, machines such as mule machines and water conservancy looms have appeared in the cotton textile industry.
Soon, in many industrial sectors such as coal mining and metallurgy, there was also machine production.
With the increase in machine production, the original power such as animal power, water power and wind power can no longer meet the needs.
The improved steam engine made in Birmingham, England, was put into use, providing more convenient power, and was rapidly promoted, which greatly promoted the popularization and development of the machine.
Human society has thus entered the "age of steam".
Thinking of Watt, William suddenly wanted to meet the legend, and across the UK, there are more than 50 roads named after Watt.
Westminster Abbey in London also has a Watt monument.
In the book "Human Achievement" by American writer Charles Murray, he once did a survey in which Watt tied with Edison for first place among the most famous inventors in history.
William had a flash of inspiration, why not invite this Mr.
Watt to Prussia, who was now working with Matthew Bolton, the owner of a foundry in Birmingham.
It must not have been a difficult task to invite Watt to Prussia.
But the Industrial Revolution is not something that can be controlled by one person, it needs to take into account many walks of life, and how to sort out these chaotic relationships is the responsibility of King William.
There is also the financial industry, which refers to banks and related capital cooperatives, as well as the insurance industry, and in addition to industrial economic behavior, other economic related industries are financial industries.
The first banks to emerge were the banks of Venice, Italy, and the Bank of England, the first joint-stock bank established in the United Kingdom, which established the most basic organizational form for the development of the modern financial industry.
Since then, the financial sector in the capitalist countries has developed rapidly, and has played a huge role in accelerating the accumulation of capital and the concentration of production.
Commercial banks are the earliest and most typical form of modern banks, and although city banks, deposit banks, industrial banks, mortgage banks, trust banks, and savings banks all engage in financial business, their business is often quite different, and the financial authorities often limit the scope of their business.
Modern commercial banks generally operate a variety of financial businesses in an integrated manner.
In addition to having a large number of branches in their own countries, large commercial banks often also have branches abroad, thus becoming the world's multinational banks.
Modern large commercial banks are usually the financial centers of large monopoly consortia.
Holding companies have become an important form of organization in the financial industry of contemporary developed capitalist countries.
What is different from commercial banks is specialized banks.
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Specialized banks are generally funded or supervised by the state.
Most of its business, especially credit business, focuses on one or several industries, and focuses on supporting the development of certain industries for its business purposes.
The establishment of the bank is a milestone in the history of the development of the financial industry.
In the modern financial industry, BOC is in a dominant position.
It is the currency issuing bank and the bank of banks, which is responsible for formulating and implementing the country's financial policies, regulating currency circulation and credit activities, and is generally the management and supervision organ of financial activities.
And Prussia currently has only one Royal Bank of Prussia that can barely be called a bank.
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