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Centuries of political stability before and after the Glorious Revolution (1688) (constraints on the monarchy by parliament and strong political institutions)
by krona 4y ago
Centuries of political stability before and after the Glorious Revolution (1688) (constraints on the monarchy by parliament and strong political institutions) led to a large merchant and wealthy landowner class. Property rights and unique legal framework (common law) enabled many economic and legal innovations that created the conditions and incentives for industry, and allowed inventors and entrepreneurs to operate and cooperate freely.
Without the unique legal, political, financial frameworks and enlightenment philosophy, the revolution wouldn't have happened in Britain. Technological developments were an emergent property of the fundamental structure of the country at the time.