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Throughout Europe the phenomena of industrialization was a regional event that took place between late 1700’s to the early 1900’s. Many factors however determined which nations were “early industrializes” or latecomers/no-shows. In order to show why these countries are classified this way we will have to look at Britain and compare the two groups to Britain, because Britain is associated with being the first country to industrialize. We will also have to take into account what Gerschenkron thinks about early and late industrialized countries, and the six propositions he gives us. By saying this we need to see how Britain started its industrialization and compare it to early-industrialized, latecomers or no-show nations. First of all we have to look as to why is Britain associated with being the first state to industrialize? One answer to this question is that Britain by far has more of everything. To be more specific Britain’s per capita income is larger compared to other countries. In the period associated with industrialization we see that Britain’s economy does not have Guilds any longer compared to France that had a law banning outside manufacturing, and it only allowed manufacturing within guilds. The eliminatio