The the country to flourish on its own.
The Victorian era lasted
from 1837-1901 during Queen Victoria of Great Britain’s reign. During this time
period, Britain accomplished many technological and industrial feats. In fact,
during this time, Great Britain was an epidemy of power; they had the world’s
most powerful navy and most of the best technology of the time. Most of their
technology, in fact, helped them become an even more powerful and prosperous nation.
Railroads, for example, drastically reduced the time needed to travel, and the
telegraph made near-instant communication possible for the military and others.
Steamboats made sea travel more efficient and quicker, enhancing the navy’s
reach. More domestic innovations, like the booming iron industry and more
advanced looms, advanced the lifestyles of the citizens, thereby increasing
living conditions in the country.
Most of Britain’s industry was stocked in factories, as
the Victorian era was after the Industrial Revolution (1760-1820). This meant
that plenty of workers were hired to work in the factories, which using the
aforementioned technologies, produced goods for the market, which boosted the
economy. However, conditions in the factories including long hours and unsafe
conditions sparked strikes in cotton mills and factories in England and modern
UK. As well as military power and standard of living, the economy and trade
skyrocketed during the Industrial Revolution and the Victorian era that followed.
England’s industry now
has abundant resources and an efficient workforce and, industrialization grew
quickly in England providing enough resources for the country to flourish on
its own. Soon, other sectors were explored and in present times, the service
sector now contributes the maximum to the GDP. Construction and tourism have
risen quite a bit in past years and therefore have started contributing more to
the country’s growth and stability. In England the finance industry remains the
most sizable segment for employment, but has been badly affected by the
In England, a new generation of British entrepreneurs has
helped in building an increasingly favorable local tech industry. Digital
technology companies have grown by 46% since 2010, while the entire sector now
employs near 200,000 people. Overall employment has developed by 7.8% and, digital
technology now accounts for 3.5% of all professions in London. Now there are
about 40,000 digital tech firms in the capital, and with output expected to
grow by 5% a year over the coming decade.