Previously, there had been a very strict limit to the number of printing presses that were allowed. After the Licensing Act lapsed, there was a kind of free for all. Anybody could set up a printing press if they had the capital and the entrepreneurial spirit to do so.
The laws governing what could be printed and published were remarkably lax. As long as you stayed this side of what was called “seditious libel”, which was basically arguing that the monarchy should be pulled down, you could get away with almost anything. So, the freedom wasn’t just in the eye of the beholder; it was a real freedom, and in particular, it was freedom of the press.
That gave a huge commercial impetus to the business of publishing, printing and finding new forms of print. The early 18th century wasn’t just a great age of satire, which was liberated by this kind of new freedom. It was also a great age of journalism – newspapers, periodicals, pamphlets and, eventually, magazines.
In 1731, this thing called The Gentleman’s Magazine was invented and, with it, the word “magazine”, which originally just meant a container or repository of lots of good things. It was telling that the man who invented The Gentleman’s Magazine, Edmund Cave, was the son of a cobbler, because these new forms of print and publishing allowed new kinds of people (often from quite lowly backgrounds) to make lots of money.