1780s Flashcards
Watt invented Rotary Motion
- It meant that steam power could be used more effectively. It became predominant in production and the use of industrial power.
New process invented for Smelting of Iron
1784.
Sinking Fund
1786
Introduced as a measure to restore the National Debt. Pitt would put £1 million a year into the Sinking Fund from taxes. It cut the debt by £10 million. Failure as War time policy.
Anglo-French Trade Treaty
1786
Both countries agreed to reduce duties on imports from the other country (England and France).
Consolidation Act
1787
Pitt lowered, simplified or removed customs duties on improrts & exports. Book of Rates published rate of duty for each item, tax collection was easier and efficient. Taxes on tea, wine and tobacco reduced which decreased smuggling.
Cartwright invented the Power Loom
1789
Industrialisation was impacting the cotton industry. Handloom weavers suffered as a result of the power loom- they replaced their jobs.
Start of the French Revolution
1789
Caused unrest and fear in England. Corresponding Societies sprung up in London and many people started wanting reform but the government was scared and took a step back away from reform towards repression.