Economic Developments: Railway 'Revolution', Corn Law Repeal (1832-1846) Flashcards
How many jobs did the Railway ‘Revolution’ help to provide?
100,000+
Also had 600,000 indirect jobs through working for railway companies.
What did the connectivity of the Railway help to achieve?
Better job opportunities to different areas within the country
How did it help trade?
It allowed for faster movements of goods around Britian and therefore also helped international trade.
What else did the railways help to promote?
Tourism and improved the quality of life of many towns around Britian.
How did other industries improve due to Railways?
Technical developments were made with the invention of the telegraph and the use of Iron and Glass.
What else during this period helped contribute to an economic boom?
The peaceful period which therefore lead to a reduction in tax and fewer Trade Rivals due to no wars.
What did High Farming Improvements also allow for?
Improving crop yield + efficiency led to an improved economy and the improvement to the QoL for workers.
How much of the coal used with railways was British coal?
2%
What could be said to have had more effect on the improving economy?
Improved exports and the improvement to shipping lanes with Iron and Steel exports playing a larger role.
According to Hawke how much did the railway contribute to the economy?
10%