Brazil and most of the East Indies went to Portugal and the rest of North and South America and the Pacific went to Spain. Amsterdam founds its Chamber of Insurance. 1624 Dutch West Indies Company is founded. But the Dutch soon discover they have an economic rival, England, who begins a process of economic change that is to end eventually with industrialisation. First English North American colony - followed by others, which, over the next century, provide a source of raw materials, and a market for British manufacturers.
Sugar becomes widely available as a result of slave plantations in the West Indies.
Slave produced cotton becomes a reliable, increasingly cheap supply of raw material to English cotton mills. Adam Smith's 'Inquiry into the Nature and CAuses of the Wealth of Nations' published. Thomas Arkwright invents the water powered spinning machine. 1769 First mass production of ceramics at the Etruria factory owned by Josiah Wedgwood. 1776 American Revolution takes place 1784 James Watt's rotary steam engine which no longer needs a constant water supply assists the move away from rural areas.