Introduction Flashcards

1
Q

Start of the Industrial Revolution

A

1760

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2
Q

Agricultural Revolution

A

Changes in the methods of farming and stock breeding led to a significant increase in food production, and hence population growth and economic expansion.

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3
Q

Commercial Revolution

A

Development of new network of global trade routes and early consumer society for non-essential luxury products. System of exchange rates established by Bank of Amsterdam in 1609, and “Bills of Exchange” as a financial instrument for long-distance trade.

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4
Q

Scientific Revolution

A

Observing and experimenting gained importance — rational, material explanations. Science as the basis for technical innovations of the Agricultural and Industrial Revolution.

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5
Q

Factors for Industrialisation

A

Workforce, natural resources, technology, capital, market, and transport infrastructure.

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