Chapter 20 Flashcards
Factors of the Industrial Revolution in Britain
-Agricultural
-supply of capital
-Early industrial entrepreneurs
-mineral resources
-role of government
-markets
Cottage industry
1st market to get transformed
New machines replaced cottage workers
Steam engine by James Watt - reliant on coal
Britain’s great exhibition
A display of Britain’s wealth and imperial power
Reasons for the late development of the continent
Lack of roads
Guild restrictions
Entrepreneur’s aversion to risk
Industrial Revolution in the United States
Samuel slater ; the first textile factory
Harpers ferry - American system -interchangeable parts
Labor force : 80% labor women, immigrants , unskilled workers
India
Example of Britain’s power
Britain destroys textile competition in India
Made India completely reliant on Britain