Britain 2: growth of industrialisation Flashcards
What are the 4 factors that caused the growth of industrialisation?
Growth of banking
Growth of middle class
Laissez-faire policies
Non-laissez-faire policies
Laissez-faire policies
What did the 1799 and 1800 Combinations Act do?
made it illegal to form unions
Laissez-faire policies
When was the Master and Servant Act?
1823
Laissez-faire policies
What did the Master and Servant Act do?
made failure to fulfil a contract a crime punishable with imprisonment
Laissez-faire policies
What did it mean that once businesses were established, govt then increased their non-laissez faire policies?
short-term growth was caused by laissez-faire policies as it gave freedom to establish, but long-term growth needed govt regulation to ensure it was sustainable
Laissez-faire policies
What did the 1846 repeal of the corn laws mean?
reduced govt protectionism on imports
Laissez-faire policies
What act repealed the 1720 Bubble Act?
1826 Banking Co-partnership Act
Laissez-faire policies
What did the 1826 Banking Co-partnership Act do?
limited the number of joint stock banks
Non-laissez faire policies
What did the 1835 Municipal Corporations Act do?
remove local councils from control of oligarchy (political influence)
Non-laissez faire policies
What did the 1835 Municipal Corporations Act give councils control of?
utilities such as sewage and water supplies
Non-laissez faire policies
What did the 1844 Banking Charter Act do?
placed a cap of 20 years on the lifetime of any new Joint Stock Bank = govt committed to being engaged with economy
Non-laissez faire policies
What did the 1833 Factory Act ban?
- no children under 9 could work
- children aged 9-11 to receive 2hrs schooling a day
Non-laissez faire policies
What did the 1847 Factory Act do?
introduced 10hr working day
Non-laissez faire policies
Which railway line was opened in 1825 that needed an Act of Parliament to allow the acquisition of land for the project?
Stockton-Darlington railway line
Non-laissez faire policies
Why was it important the govt had power over railways?
they were faster than canals, allowing faster trade
Growth of middle class
How did the free market ‘invisible hand’ economics of Adam Smith cause industrial growth?
there was little room for co-existence, causing competition between factories and increasing efficiency, causing growth
In the short-term, what caused growth of industrialisation?
laissez-faire policies because this allowed businesses to establish
In the long term, what caused growth of industrialisation?
non-laissez faire and govt intervention because this allowed the sustainability of industrialisation
