Causes of the Industrial Revolution Flashcards
what were some causes of the industrial revolution
the growth of factories and mills, access to raw materials, establishment of trade networks, banking, surge in population
how did the growth of factories and mills cause the industrial revolution
It provided people with opportunities of employment, which meant more people became employed therefore allowing more people to have a better income-more money for people
How did banking act as a cause of the industrial revolution
Financial transactions became safer and easier, this meant that new businesses could access funds more effectively so they could become better established.
why did the growth of factories and businesses lead to a growth in banking
Business owners needed more loans and funds from the banks to help with their business ventures
how many banks were there in Britain in 1784 compared to 1800
119 in 1784
800 in 1800
how did issuing banknotes in 1797 affect the trust business owners had in the banks
Money would now be easier to manage as it was in note form and this meant that business owners would have more trust in the banks that they wouldn’t lose their money- leads to them putting larger sums of money into the banks
What raw materials were important during the industrial revolution
cotton, iron, sugar
how did the use of raw materials and the establishment of trade networks help industry in Britain
Raw materials e.g. cotton and sugar were very important in factories and if trade links with other countries weren’t properly developed it would be hard to get these raw materials over to Britain in the first place
What would’ve happened if raw materials such as cotton and sugar weren’t available in Britain during the Industrial Revolution.
It would mean that factories wouldn’t have had the supplies they needed and led to them closing down. The closing down of factories and businesses would then lead to the closing down of banks
how would the closing down of factories and businesses lead to the closing down of banks
The banks would no longer need to hold money for business owners and this would mean that less money would be going into the banks
How did the factor of transport help the Industrial Revolution
Once the raw materials arrived in Britain they needed to be efficiently transported around the country to businesses and factories that had a high demand for these materials
What new invention’s allowed goods to be easily transported around Britain
Railways, canals, steam engine
What happened when canals and roads were improved
This allowed raw materials e.g. coal and finished goods to be efficiently transported between factories, towns, ports and cities
What did James Watt adapt in 1785
The steam engine, he made it much more efficient, this transformed power supplies and transportation across Britain
What did new coal mining techniques allow
These allowed deeper mines where we could get more coal from- more coal meant more raw materials to be transported around the countries and go to factories