5.3 Flashcards
The origins of the Industrial Revolution in Great Britain
- agricultural revolution
- supply of capital
- early industrial entrepreneurs
- mineral resources
- role of government
- markets
- enclosure movement
- The population explosion
- The enlightenment
how the agrictulrual revolution effected the IR
- there was an increase in food production
- with more food, more people could be fed
- there was a rapid population growth which provided more laborers
how the supply of capital effected the IR
- Britain’s central bank and credit facilities
- british people’s used to ness of paper instruments
- people had profited from the trade and cottage industry
how the early industiral entrepneurs effected the IR
- positive: Britain had a lot of people interested in making profits (the english revolution put power into a group of people who favored innovation in economic matters)
- negative: there were STILL FINANCIAL HAZARDS people faced
- *there was individual or family proprietorship
how the mineral resources effected the IR
-britain had supplies of mineral resources
-britain was small, therefore transportation was a shorter distance
-they started to build roads, bridges, and canals
there was NO INTERNAL TAXES
how the role of government effected the IR
- they PROTECTED PRIVATE PROPERTY
- it placed few restrictions ON PRIVATE ENTREPRENEURS
how markets effected the IR
internationally:
- there was a vast supply of markets in EUROPE and THE COLONIES
- their MERCHANT MARINE was helpful in transporting
- they could produce CHEAPLY the stuff in demand which was STURDY AND INEXPENSIVE clothes
domestically:
- britain had a growing population and highest standard of living
- british people wanted stuff!
how enclosure movements effected the IR
- it concentrates land ownership into fewer hands / privatized instead of being available for everyone
- with no land to work, small farmers were displaced and forming a pool of CHEAP LABOR
how the population explosion effected the IR
- new farming methods created more food
- the discovery of SMALLPOX VACCINE reduced death rates
how the enlightnment effected the IR
british society encouraged inventions and entrepreneurs
The cotton industry in the beginning
- people WANTED COTTON CLOTH
- so because of the PROFITS people made, people FINANCED new ways of spinning and weaving cloth
- the inventions marked a shift from HUMAN AND ANIMAL POWER to MECHANICAL
- *at this time, the power looms were better, but STILL NOT FAST ENOUGH to outrun the home-based loom weavers, so the loom weavers still PROSPERED
the big change in the cotton industry
- *they discovered it was more efficient to bring workers TO MACHINES NEXT TO RIVERS AND STREAMS
- with people coming to work on the machines, TOWNS grew around the factories
the transition to steam engine from the cotton industry
with the COTTAGE INDUSTRY EXPANDING and MORE DEMAND, people were pressured to create new technology
The steam engine
- it DOESN’T HAVE TO BE NEAR RIVERS
- for the steam engine could TURN A SHAFT and DRIVE MACHINERY, it could be used for OTHER AREAS OF PRODUCTION, thus created NEW INDUSTRIES
- with the steam engine, MORE products were being produced, and they were CHEAPER
- no one could compete in QUALITY OR QUANTITY with britain
- extra: now people in britain could AFFORD undergarments
the transition to the iron industry from the steam engine
- the steam engine depended on COAL, which they thought was UNLIMITED IN QUANTITY
- so they started to dig up a LOT OF COAL
- with so much coal, they started to look at new ways coal could be used (iron)
- *people wanted NEW MACHINES so iron was material for machines?