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The Glorious Revolution and the causes of the industrial revolution

10 hours ago
  • #industrial revolution
  • #property rights
  • #historical reform
  • The Glorious Revolution of 1688 in England transferred power from the monarchy to Parliament, enabling legal reforms that untangled rigid property rights and spurred economic growth.
  • Post-revolution legislative productivity increased dramatically, with Parliament passing enclosure acts that consolidated fragmented farmland, improved agricultural yields, and facilitated infrastructure investments.
  • Parliament addressed restrictive inheritance laws (e.g., strict settlements and entails) through estate acts, allowing landowners to modernize property use, which supported industrial and urban development.
  • Infrastructure improvements, such as turnpike trusts and canal projects, drastically reduced transport costs, enabled regional specialization, and expanded markets, laying groundwork for the Industrial Revolution.
  • The reforms succeeded by working with landowners, requiring supermajority support for changes, and ensuring broad benefits, contrasting with top-down approaches in other European nations that faced resistance.
  • Modern parallels exist in 'vetocracy' and entrenched regulatory systems; similar collaborative, supermajority-based approaches in housing and land use (e.g., in East Asia and Israel) show the enduring relevance of these methods.