9. Economic Developments

Question 1

Between 1815 and 1830, by how much did the production of coal rise?

Answer 1

from 16 million to 30 million

Question 2

What percentage of British exports were textiles by the 1830s?

Answer 2

70%

Question 3

What year was the Reciprocity Treaty issued?

Answer 3

1823

Question 4

What year was the Commercial Crisis?

Answer 4

1825

Question 5

What year was the Bank Act issued?

Answer 5

1826

Question 6

What year was the first steamship launched?

Answer 6

1838

Question 7

What was the population of the UK (excluding Ireland in 1811, 1821 and 1831?

Answer 7

12 million, 14 million, 16.3 million

Question 8

Who’s ideas lead to important technical improvement within the iron industry?

Answer 8

James Beaumont Neilson

Question 9

When and between where was the first railway line opened?

Answer 9

1825- Stockton to Darlington

Question 10

In what year was the Liverpool to Manchester railway line opened?

Answer 10

1830

Question 11

What principles had Lord Liverpool’s government followed?

Answer 11

Laissez- Faire

Question 12

Who’s work were the improvements in Free Trade in the budgets of 1824 and 1825, and what did they introduce?

Answer 12

William Huskinsson- custom duties on raw materials were cut, prohibitions on manufactured goods entering Britain were abolished

Question 13

What was the Bank Act of 1826?

Answer 13

Legalised banks other than the bank of England to operate as joint-stock banks