Economic Development 1832-48 Flashcards
Which famous line opened in 1830
Liverpool to Manchester line- opened in September of 1830
What were the consequences of this line
It started a boom, inventers scrambled to speculate and the economy grew dramtically
Who were notable investors of the time
Robert Stephnson and Isambard Brunel
Which raw materials saw a growth due to the introduction of Railways
Coal to feed the trains
Iron to create the tracks
What did Railways see the growth of
The growth of the engineering proffesion
Growth of powered machinery
How many Railway companies were there by the 1840s
200 different comapnies
What was the ‘time lag’ issue with Railways
There was a gap between speculation and production, ie planned track took years to build - time lag.
What was Railway Clearing House and when was it introduced
1842 and was created to organise revenues distrbution between companies
What was the total miles of track between 1832 to 1846
1832 = 100 miles of track
1843 = 2000 miles of track
1846 = 4000 Miles
What was the benefits of Railways
Coinsumer goods were distributed quicker = cheaper
Foodstuffs delieved quickly from farms
Train lines met with ports
Jobs grew, countries followed GB lead
National culture grew- i.e newspaper, post
opened social mobility
What was the Railway Act of 1844
Provision made for Third Class- capped prices for the W/C
Enclosure Acts 1836-45
Left few fields open
Enclosure endured improvements and increased grains.
What changes were made to Agriculture
Drainage techniques improved crop diversity as steam drainiage died land out quickly
Fertiliser used, esp guano which increased yields
Lighter tools were used
What happened to haeavy clay soil?
Was made profitable through the production of clay tiles
Agricultureal Drainage Act
1846, gave loans to farmers to improve field drainage
What Agricultural tools were developed
McCormick’s Stream Reaper and Steam Thresher were developed
What was the status in Ireland in 1841
Population of 9 million with rural poverty, rented land and potato being the main crop
Which year did Famine strike Ireland
1845, many were evicted from dwellings
What did the Protectionists resist
Resisted the ACLL’s call for barriers to be removed allowed food supply to Ireland beliving it was a tactic for Corn Law repeal
Why did Peel Resign
Told Govt Corn Laws had to go after famine struck, however his Corn Law repeal bill was repeatedly rejected
When was the Corn Law Repeal passed?
May 1846 with Whig Support
