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Consider the following statements: 
1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony 
2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically 
3. One of the major and innovative reasons, why Britain succeeded between the mid 18th century and mid-19th century, while other European Nations fell, was that it used the Dept market to fund its wars 
Which of these statements is/are correct?
  • a)
    1 and 2 only
  • b)
    1 Only
  • c)
    1 and 3 Only
  • d)
    All are Correct
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements: 1. The industrial revolution reach...
  • The industrial revolution started in England in the early 18th century. With the invention of new machines like the steam engine and the power loom, the industrial revolution helped England to maintain its hegemony. Hence, statement 1st is correct. 
  • The Royal Navy of Britain was not only the largest but it was the most advanced of its Times. In India, the British were able to defeat the Portuguese and the French due to the strong and fast movement of the naval ships, the English learn from the Portuguese the importance of an efficient Navy and improve their fleet technologically. Hence, statement 2nd is correct. 
  • The world's first Central Bank, the Bank of England, was established to sell government debt to the money market on the promise of a decent return on Britain's defeating Rival companies like France and Spain. So Britain used the Debt market to fund it. Hence, statement 3rd is also correct.
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Most Upvoted Answer
Consider the following statements: 1. The industrial revolution reach...
Explanation:

1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony:
The statement is correct. The industrial revolution began in the 18th century in England and later spread to other European nations. England had a head start in industrialization, which allowed it to establish a dominant position in the global economy. This early industrialization gave England an advantage in terms of technological advancements, infrastructure, and economic power, which helped maintain its hegemony over other European nations.

2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically:
The statement is correct. The Portuguese were pioneers in naval exploration and trade during the Age of Discovery. The English learned from their experiences and realized the importance of a strong navy for colonial expansion, trade, and protection of their interests. The English improved their fleet technologically, adopting innovations such as the use of cannons, better ship designs, and navigation techniques, which eventually led to the establishment of the British Royal Navy, one of the most formidable naval forces in the world.

3. One of the major and innovative reasons why Britain succeeded between the mid-18th century and mid-19th century, while other European Nations fell, was that it used the Debt market to fund its wars:
The statement is correct. Britain's success during this period can be attributed, in part, to its ability to finance its wars through the debt market. The British government issued bonds and securities to raise funds, which were purchased by investors and institutions, both domestically and internationally. This allowed Britain to mobilize significant financial resources and sustain its military campaigns. The debt market provided a stable and reliable source of funding, which other European nations struggled to match, leading to their decline in power and influence.

Conclusion:
All three statements are correct. The industrial revolution reaching other European nations late, the English learning from the Portuguese about the importance of an efficient navy, and the innovative use of the debt market to fund wars were all factors that contributed to England's ability to maintain its hegemony during the period mentioned.
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Consider the following statements: 1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony 2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically 3. One of the major and innovative reasons, why Britain succeeded between the mid 18th century and mid-19th century, while other European Nations fell, was that it used the Dept market to fund its wars Which of these statements is/are correct?a) 1 and 2 onlyb) 1 Onlyc) 1 and 3 Onlyd) All are CorrectCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements: 1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony 2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically 3. One of the major and innovative reasons, why Britain succeeded between the mid 18th century and mid-19th century, while other European Nations fell, was that it used the Dept market to fund its wars Which of these statements is/are correct?a) 1 and 2 onlyb) 1 Onlyc) 1 and 3 Onlyd) All are CorrectCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: 1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony 2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically 3. One of the major and innovative reasons, why Britain succeeded between the mid 18th century and mid-19th century, while other European Nations fell, was that it used the Dept market to fund its wars Which of these statements is/are correct?a) 1 and 2 onlyb) 1 Onlyc) 1 and 3 Onlyd) All are CorrectCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: 1. The industrial revolution reached other European Nations late and this helped England to maintain its hegemony 2. The English learned from the Portuguese the importance of an efficient Navy and improved their fleet technologically 3. One of the major and innovative reasons, why Britain succeeded between the mid 18th century and mid-19th century, while other European Nations fell, was that it used the Dept market to fund its wars Which of these statements is/are correct?a) 1 and 2 onlyb) 1 Onlyc) 1 and 3 Onlyd) All are CorrectCorrect answer is option 'D'. Can you explain this answer?.
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