Economic Developments: Railway 'Revolution', Corn Law Repeal (1832-1846) Flashcards

1
Q

How many jobs did the Railway ‘Revolution’ help to provide?

A

100,000+

Also had 600,000 indirect jobs through working for railway companies.

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2
Q

What did the connectivity of the Railway help to achieve?

A

Better job opportunities to different areas within the country

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3
Q

How did it help trade?

A

It allowed for faster movements of goods around Britian and therefore also helped international trade.

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4
Q

What else did the railways help to promote?

A

Tourism and improved the quality of life of many towns around Britian.

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5
Q

How did other industries improve due to Railways?

A

Technical developments were made with the invention of the telegraph and the use of Iron and Glass.

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6
Q

What else during this period helped contribute to an economic boom?

A

The peaceful period which therefore lead to a reduction in tax and fewer Trade Rivals due to no wars.

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7
Q

What did High Farming Improvements also allow for?

A

Improving crop yield + efficiency led to an improved economy and the improvement to the QoL for workers.

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8
Q

How much of the coal used with railways was British coal?

A

2%

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9
Q

What could be said to have had more effect on the improving economy?

A

Improved exports and the improvement to shipping lanes with Iron and Steel exports playing a larger role.

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10
Q

According to Hawke how much did the railway contribute to the economy?

A

10%

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