Causes of Industrialisation

Question 1

What were the three main causes for the Industrialisation?

Answer 1

1. expansion of home market
2. Colonies
3. ready capital

Question 2

What was the cause for the expansion of home market?

Answer 2

population increase 1701: 5m 1771: 6.8 m
more goods needed
and more foods and new crops were avialble

Question 3

What was the result of the “War of the League of Augsburg”?

Answer 3

Spain was defeated and looses power

Question 4

What territories did England absorb after the War of the Spanish Succession?

Answer 4

Gibraltar and Menorca

Question 5

The English contolled…

Answer 5

slave trade to the New Worls

Question 6

What territories were acquired in the 1740s?

Answer 6

West Indies
India
North America

Question 7

Why were the newly acquired markets necessary for England?

Answer 7

new vast markets were now available

Question 8

ready capital

Answer 8

capital for raw materials and machines –> for later trade

Question 9

Bank of England

When?
Why?
Consequences?

Answer 9

1694
To issue bank notes, because not enough gold was available
superiority over Europe and Ireland–> national pride