Economic Policy Flashcards
What is an industrial revolution
A major rapid change from agriculture to industry, people moved from land to town from hand to machine labour
What happened to economic growth?
It increased
How many people lived in towns from 1750 to 1800?
15% - 25%
How many people lived in towns from 1800 to 1880?
25 - 80%
How many people were employed in manufacturing and artillery in 1801 - 1871?
40% to 66%
How many people worked in agriculture and fishing from 1801 - 1871?
35 - 15%
What happened to the production for market?
More production for market was for domestic use and wider variety of consumption and opportunity. They invest in more product consumption
What happened to British Capital stock?
Increased between 1760 - 1860
How much did industry, change and transport?
Increased from 5-26%
What areas became more industrial?
Lancashire and central Scotland
What areas did not change?
Kent and Sussex
What did Kent and Sussex produce?
Iron, glass, baskets, nails
Was there any change in who was wealthy or not?
No, it was still bankers merchants and landlords
Why did the populace grow with medicine?
Cholera and typhoid had become less deadly, because the strains were weaker because of the greater resistance to infection
Why did the populace grow with medical knowledge?
Vaccines and medical knowledge got better and it was used more so the major epidemic diseases and people adopted healthier living habits so they were less likely to get infected
