Industrialisation and Protest Flashcards
What reasons are given for the growth of industrialisation?
- banking
- the middle class
- laissez-faire policies
- increase in geographical diversity
What is the timetable of the development in banking?
1694 - BofE established
1708 - Act including a clause that denied the right of note issue with banks more than 6 members (kept banking localised by preventing the creation of larger joint stock banks)
1774 - counties set up their own banking systems usually under businessmen control following the recoinage of guineas
1784 - 119 banks
1797 - county banks allowed to issue notes, giving employers effective way to pay wages from a central fund
1808 - 800 banks (gave business access to funds, easier transaction as more accessible)
1825 - depression which followed the wars caused many banks to fail
1826 - Act that allowed BofE to open branches in major provincial cities (allowing better distribution) and repeal of the Bubble Act 1720 allowing banks with over 6 partners to issue notes - encouraging the formation of joint stock companies e.g. Lancashire Banking Company (1st JS bank, set up this year)
1833 - Act permitted joint stock banks in London to issue cheques - increased speed of commercial transactions
1866 - 154 joint stock banks with 850 branches
How did banking/commercial policy cause a growth in industrialisation?
1774 - counties set up their own banking systems usually under businessmen control following the recoinage of guineas
1797 - county banks allowed to issue notes, giving employers effective way to pay wages from a central fund
1826 - Act that allowed BofE to open branches in major provincial cities (allowing better distribution) and repeal of the Bubble Act 1720 allowing banks with over 6 partners to issue notes - encouraging the formation of joint stock companies e.g. Lancashire Banking Company (1st JS bank, set up this year)
1833 - Act permitted joint stock banks in London to issue cheques - increased speed of commercial transactions
How much did the number of banks grow by between 1784-1808?
119-800
How many banks were there in 1866?
1866 - 154 joint stock banks with 850 branches
What happened to industry initially following the growth of international trade in Britain at the start of the period?
industry moved to areas with good transport links e.g. the Manchester-Liverpool railway was finished in 1830 giving Lancashire cotton mills access to ports, the area became very wealthy with imports of cotton from the USA and exports around the world
When was the steam engine introduced in Britain and what did this mean?
1769 - meant industry no longer needed to locate near rivers (as a power source) - however increased dependence on coal, causing industry to move to areas plentiful in raw materials e.g. the Midlands became known as the Black Country
What is an example of a lasting association from industrial growth in the 1800s?
Sheffield steel
How much did population in cities increase by from 1750-1851?
1750 - 2 cities with 50,000
1851 - 29 cities with 100,000
How many workers were there in 1851?
9.7 million - only 6% worked in textile factories (shows decline of this industry)
How much did Manchester’s carpenters wages increase by and when?
1765-95 increased from 64-88% that of London
How much did Manchester’s population grow by in the 1820s?
44%
How many children died in their first year of life as a result of population growth?
3/20
How many children survived to their fifth birthday in Sheffield and Manchester?
1/2 of children in the 1830s
How much of the population lived in towns in 1800 compared to 1880?
1800 - 25%
1880 - 80%
How much did national capital investment in industry, trade and transport increase by in 100 years?
5%-26% 1760-1860
How many miles of canals were there by the 1820s?
4,000 miles
By how much did average income increase from 1750-80?
£12 income pp - £24 average family
Who was Richard Arkwright?
middle class inventor of the water frame, worth £500,000 on death in 1792
Who was Richard Crawshay?
middle class owner of Cyfartha ironworks employing 5,000 and a wealth of £200,000 by 1830
Who were the emerging middle class?
men who took advantage of new opportunities and pioneered development of large scale industry - self made men who earned their wealth from the trades e.g. factory owners and merchants
How much did the industrial middle class grow by?
75% between 1816-1831
What Laissez-Faire policies encouraged the growth of industrialisation
- 1799-1800 Combination Acts (made unions illegal following an organised union of weavers against declining wages in Lancashire - showa gov commitment to promote unhampered development of industry on the side of employers)
- 1813 repeal of the Statutes of Artificers which had provided regulation for wages/working conditions since 1563
- 1846 repeal of the 1815 Corn Laws reduced the amount of protectionism the gov offered markers
(- gov regulated businesses after they were established and settled to promote LT stability - suggests gov intervention was needed in the LT to sustain growth)
How did employers ensure a consistent workforce that tied them down?
built rows of cheap back-to-back housing to create a workforce tied to them by an obligation to pay rent