In the 18th and early 19'centuries,a crucial period in the industrialisation of Britain,there was significant development in the coal industry,which was accompanied by the industrialisation process.That development led to the establishment of both the coal market of London and the inland coal market.Influenced by factors,such as transportation and monopolistic organisation,each market developed its distinct mechanism for coal pricing.In the coal market of London,coal prices were primarily controlled by monopolistic organisations,whereas in the inland coal market,coal prices were more influenced by transportation factors.During this period,coal prices of London and inland essentially coexisted in the coal pricing system in Britain.The generation mechanism of coal price of London ensured the stability of energy supply in London,but exacerbated the market closure,making it difficult for inland coal to enter the London market.Accordingly,it forced inland regions to seek alternative consumption strategies locally.It has also led to the gradual decline of the northeast region which had long enjoyed the dividends of high coal prices while neglecting local industrial development.The inland coal price generation mechanism triggered significant changes in Britain's inland transportation system,resulting in a restructure of the coal industry's geographical landscape and nurturing developed industrial areas depending on canal infrastructure in areas of low coal prices.The industrial geography of Britain underwent a transformation.Northwest of England located in the coal price trough began to rise and became the fastest industrialised region in Britain,exerting influence on the rise of the British industrial economy.
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