Impacts of French Wars on Britian Flashcards
Why were Pitts reforms vital from earlier years?
- Helped outspend France in the War
2. Sinking Funds were used on the war, 60% extra funds were used on the war.
How did Investment impact the economy?
- Tax system led to private capital investments
- Stock market increased
- Number of banks increased in London
- Stock exchange was formed in 1802
How was agriculture during the Wars?
- Enclosure led to consolidation of land into bigger farms.
What did many textile workers believed that rise of industrialization led to?
- Unemployment
- Lower Wages for workers
- Loss of skills
- 1779, weaver called Nedd Ludd smashed up stocking frames.
What happened in Nottingham 1811-1812?
March 1811 and Feb 1812 - smashed about a thousand machines worth around £6000-10000.
1811, Act was passed to secure the peace of Nottingham.
March 1812, 7 Luddites sentenced to transportation for life.
How did the end of Luddism begin?
1816, a revival in violence led to troops being used to end riot.
6 Luddites were executed + 3 transported
Luddism subsided 1817.
How were Traders and Merchants affected?
Napoleon attempted to block Britain trade.
What was the Berlin Decree and Milan Degree?
1806 meant that Europe ships were not permitted to enter British ports.
What did Britain do in retaliation?
1807, Orders in Council.
What did the Order in Councils mean?
That any country that refused British ships would not be led into Britian.
What are arguments for the Standard of Living getting worse during (1780-1850)?
- Unemployment - more people claiming poor law (social unrest).
- Disease outbreaks e.g cholera, in towns and cities.
- Life expectancy declining in industrial towns in mid-40’s
- Worse working conditions and longer hours.
What are arguments for the Standard of Living getting better during (1780-1850)?
- Economic evidence, no decline in real wages and no increased poverty.
- Population growth, able to feed that many people with no famines.
- Increased opportunists for progression.
- FOR SOME white collar significant increase in income during this time.