... solid peace, and it was in this time the seeds were sown for a new Empire. The Industrial Revolution was gathering steam and about to transform the economy, and hand in hand with this came more sophisticated economic understanding (specifically the economic liberalism of Adam Smith and the political economy of David Ricardo) that primed Britain for the role she would soon carve for herself in the world. The unique combination of economic base and ideological superstructure, alongside a stable and pragmatic government led by William Pitt the Younger, allowed Britain to grow in a stable manner throughout the end of the 18th and beginning of the 19th century. This was in stark contrast to the problems the Peace of 1783 had engendered for her European rivals, especially France and the Revolution of 1789. This led to war in 1793, and, ironically, while peace with France had spurred growth until then, ...

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