Before the Industrial Revolution, the standard for the middle class was this:@@@@

    Could the entire family make or buy new clothes at least once a year?

    It''s a hard concept to understand for modern people who buy at least a few sets of clothes a year, but in the days before spinning wheels and weaving machines, creating a single piece of clothing required immense labor, and as a result, the price of clothes inevitably increased.

    So, whether it was wool or cotton, simply turning them into clothes resulted in huge added value.

    I could make clothes at least 10 times faster than others, and reduce the labor cost that makes up the bulk of the price of clothes to under 10%.

    ‘For the price of one piece of clothing that others sell, we could sell about 4 to 5 pieces.’

    “This too is British wisdom. After all, the British Empire is right about everything except food, right?”

    We’ve all heard of the East India Company, but we often don’t know exactly what they sold to make a profit.

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