Eighteenth century Britain had grown to be a great imperial power, with conquests throughout the world. At about this same time, the first Industrial Revolution (circa 1760 - 1840) was taking off in Britain. Just as The Reckoning made the case that double-entry accounting was instrumental in the Italian Renaissance, the book asserts that “sophisticated forms of double-entry accounting were the foundation of the first Industrial Revolution” (p. 122). Do you agree? If so, in what way did double-entry accounting provide the tools needed for the Industrial Revolution to occur? If you do not agree, discuss how the Industrial Revolution could have occurred without the record keeping provided by accounting.

Eighteenth century Britain had grown to be a great imperial power, with conquests throughout the world. At about this same time, the first Industrial Revolution (circa 1760 – 1840) was taking off in Britain. Just as The Reckoning made the case that double-entry accounting was instrumental in the Italian Renaissance, the book asserts that “sophisticated forms of double-entry accounting were the foundation of the first Industrial Revolution” (p. 122). Do you agree? If so, in what way did double-entry accounting provide the tools needed for the Industrial Revolution to occur? If you do not agree, discuss how the Industrial Revolution could have occurred without the record keeping provided by accounting.

Eighteenth century Britain had grown to be a great imperial power, with conquests throughout the world. At about this same time, the first Industrial Revolution (circa 1760 – 1840) was taking off in Britain. Just as The Reckoning made the case that double-entry accounting was instrumental in the Italian Renaissance, the book asserts that “sophisticated forms of double-entry accounting were the foundation of the first Industrial Revolution” (p. 122). Do you agree? If so, in what way did double-entry accounting provide the tools needed for the Industrial Revolution to occur? If you do not agree, discuss how the Industrial Revolution could have occurred without the record keeping provided by accounting.