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To what extent was the rise to dominance of company law in the nineteenth and early twentieth centuries the inevitable consequence of technological advance?
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To what extent was the rise to dominance of company law in the nineteenth and early twentieth centuries the inevitable consequence of technological advance? During this period of history, Britain experienced what came to be known as the 'second industrial revolution' - a period of major industrialization with changes to British industry as a whole, and further to this, a change in the idea of the 'company' or firm. Hand in hand with this were technological advances, which it has been said spurred on this major change to life in Britain. Industry was expanding not least because of the growing importance of other industries such as the motor trade, metals and electrical engineering, but whilst this was a major cause of the growth in industry, was it in fact the reason for the triumph of company law in the early twentieth century? In this essay I intend to explore technological advance...
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