Chapter

Social and Economic Progress

Glanmor Williams

in The Foundations of Modern Wales

Published in print January 1993 | ISBN: 9780192852786
Published online October 2011 | e-ISBN: 9780191670565 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780192852786.003.0007

Series: History of Wales

Social and Economic Progress

Show Summary Details

Preview

This chapter discusses social and economic changes in Wales going into the 18th century. Agrarian improvements, the stimulus of rising prices, industrial investment, and more efficient trading networks all meant that the proportion of town-dwellers was increasing and that the vigour and variety of urban life were much more apparent. Although the social and political dominance of the leading gentry families was as great in the towns as in the countryside, there were new opportunities for affluent middling sorts to expand and prosper. In particular, those towns which were industrial or manufacturing centres, together with those which were strategically placed closer to fertile valleys or commercial centres, began to exercise a much greater influence on the nature of the Welsh economy. The wider diffusion of new technology and the inflow of substantial capital served to make Welsh industry more productive and diversified in this period.

Keywords: social and economic changes; Wales; agrarian improvements; industrial investments; trading networks; gentry families; economy; new technology; capital

Chapter.  19888 words. 

Subjects: Early Modern History (1500 to 1700)

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.