Economic growth during mid Victorian boom Flashcards
Coal production increase between 1855 and 1870
Increased from 60 million tons to 109 million
What advancement did steel make for producing more steel
Henry Bessemer’s converted system in 1856 meant that steel could be produced at 3 tons an hour
How much did the export of railway steel and iron increase from 1870-75
4 million
How much did track rise between 1850 - 1875
9,500 km to 22,000km
What invention made agriculture more mechanised and profitable
In 1857 the first steam powered plough was developed
What was Britain referred to as
The workshop of the world
What did Free trade encourage
Businesses to increase profits and employment
What happened to the price of import goods because of free trade
They became cheaper
How much of the world’s trade was Britain connected to by 1870
30%
What was the value of International trade for Britain by 1873
£2000 million
What happened to the middle class during the mid Victorian boom
Their population grew to 6 million in 20 years
Why was Britain in relative decline to the US and Germany
They invested better in new technologies, whereas Britain was stuck with its industrial revolution technology
How did Britain compare to Germany with male illiteracy levels
17% in Britain compared to 2% in Germany in 1875
