Before 1815, there had been no global world power. Today in the 21st century we have become used to living with a single dominant power. We are so used to this fact that no one questions it. It is possible that ancient China might have decided to become such a power; she had the technical shipbuilding knowledge, but she showed no interest. A world power needed a superior military force, a vibrant economy to support its military might, a navy able to travel across the world, and some purpose that encompassed the world.

Monopoly or oligopoly exists when a very small number of huge enterprises dominate a marketplace. The chartered companies established in Europe in the late 16th century and continuing through to the end of the 19th were privatised monopoly companies, which allowed shareholding from outside wealthy individuals. The old feudal system had also created monopolies through land use, in feudal land tenure systems. Colonies created monopolies for the invading country. A colonial power had monopoly importing and exporting rights.

Industrialisation during the 19th century historically changed the world for all the people living in France Holland the UK and the USA; by the end of the century city living and industrial work had become the new normal. Japan and Germany followed in the 2nd half of the century. At the beginning in 1800, the world’s populations had been predominantly rural: by 1900 one hundred years later the few wealthy independent European and American nations had become mainly urban. The processes of manufacture and transport had vitally altered everyone’s lives. Even the understanding of time itself had been altered.

The growth of 19th century manufacturing was built on the back of Enslaved People, the taxes of Indian peasants and the subsequent impoverishment of the Indian peoples. Enslaved peoples provided cotton, the raw material, from which industrial textile manufacturing became the leading product of the industrial revolution. The money derived from Indian taxpayers became the backbone of the City of London.