Industrialisation: Growth of Industrialisation Flashcards
Laissez-Faire: What act made striking impossible, thus increasing labour exploitation?
the 1799 and 1800 Combination Acts which banned forming TUs
Laissez-Faire: What act made it illegal to not complete a Quota?
The 1923 Master and Servant Act - failure to fulfil a contract of work could be punishable by imprisonment.
Laissez-Faire: What act was repealed that meant businesses could now self-regulate what they payed their workers?
1813 Repeal of the statue of Artificers (Had once provided regulation of wages and working conditions since 1563)
Growth of Middle Class: What was a member of the ‘Middle Class’?
New class which consisted of ‘self-made’ men who earned their wealth from the trades and developing industries that grew up along side them
Growth of Middle Class: What was the policy they based their behaviour on?
Adam Smith’s principals of free trade. profiteering and competitiveness
Growth of Middle Class: how much did the middle class increase by?
1816-1831 increased by 75% from 160,000 to 214,000
Growth of Middle Class: Example of a middle class success story?
Richard Arkwright: invented the water frame invention, and retired with a personal fortune of £500,000 and a knighthood.
Growth of Banks: By how much did banks grow in the period?
from 115 in 1784 to 800 in 1808.
Growth of Banks: How many Joint stock banks were there nationwide?
1866: there were 154 joint-stock Banks with 850 branches nationwide.
Growth of Banks: How did Banks assist growth in technology?
Could expand, Greater investment into the countries commercial technology accessibility i.e. smaller businesses and general firms could access new tech.
Growth of Banks: How did Banks assist the Middle Class?
large source of capital, the banks assisted aspiring entrepreneurs
Growth of Banks: How did Banks assist farmers?
Instead of sitting on gained wealth, farmers could now invest in new technologies to further expand output and thus boost profits.
Geographical Diversity: how many miles of turnpike and tollgate roads were there?
1836: 22,000 miles of turnpiked roads had been laid in England (20% of the total mileage.
Geographical Diversity: what was the state of the canal and river systems?
1830: for every 16 miles of turnpike road, 1 mile of river navigation and 2 miles of canal had been completed
Geographical Diversity: what rail line was the first to be open to both passengers and cargo?
Liverpool to Manchester in 1830