Chapter 9 - Economic developments 1812-32 Flashcards
When was the Reciprocity Treaty signed?
1823
When in the 1820s was there a commercial crisis?
1825
When was the Bank Act introduced?
1826
What was coal production in 1815?
~16 million tons
What was coal production in 1830?
Just under 30 million tons
By 1830, around what proportion of coal was being used in the iron industry?
Around half
How many tons of coal did it take to produce 1 ton of pig iron in 1800?
8 tons
How many tons of coal did it take to produce 1 ton of pig iron in 1830?
3.5 tons
How much did imports of raw cotton increase by from 1815 to 1830?
Two to threefold
What happened to export of manufactured cotton from 1815 to 1830?
It increased
What percentage of the industrial workforce was engaged in the cotton industry by the 1830s?
~30%
What percentage of all British exports were textiles by the 1830s?
70%
What proportion of Britain’s imports did raw cotton account for by the 1830s?
Around 1/5
When was the first steamship launched?
1838
What was the tonnage of ships built and registered in Britain in 1820?
66,700
What was the tonnage of ships built and registered in Britain in 1830?
75,500
Did the % of coal being exported from Britain increase or decrease from 1800 to the 1830s?
Increased slightly:
2% in 1800
2.2% in 1830
2.7% in 1835
What was the UK population in 1811?
12 million
What was the UK population in 1821?
Over 14 million
What was the UK population in 1831?
16.3 million
How much raw cotton was imported to Britain from 1810-19?
96 million lbs
How much raw cotton was imported to Britain from 1820-29?
173 million lbs
How many yards of cotton goods were exported from Britain from 1810-19?
227 million
How many yards of cotton goods were exported from Britain from 1820-29?
320 million
What policies gave trade a boost during the 1820s?
Huskisson’s free trade policies
What was a major factor in the increase of production in the 1820s and 30s?
Continuing development of steam power
What began to be in greater demand from the middle classes in the 1820s and 1830s?
Pottery and china
Why was the rate of population growth greater in urban areas than rural areas in the 1820s and 30s?
Migration to industrial towns for work and the greater number of early marriages and births in crowded towns and cities
Who made two important modifications to the power loom in 1803 and 1813?
William Horrocks