why Great Britain started the Industrial Revolution

V a l
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V a l
Created by V a l over 6 years ago


why great britain started the industrial revolution

Resource summary

why Great Britain started the Industrial Revolution
  1. Natural resources
    1. coal
      1. iron ore
      2. labour
        1. enclosure movement
          1. population continued to grow on base of 18th century population explosion
            1. better transportation (railway)
              1. allowed people to migrate to cities
            2. Capital ($$)
              1. I.R. grew on itself
                1. money made in early industries (textile, iron making) was reinvested
                2. markets
                  1. end of F.R. and wars of Napoleon opened continent up to British products
                    1. Latin American wars of independent opened markets of Central and South America
                    2. transportation
                      1. canals
                        1. railways (1830s -40s were the great age of railway building
                        2. entrepreneurship
                          1. strong middle class
                            1. liberal nobles willing to invest in new ventures
                            2. government support
                              1. strong navy protect merchant ships
                                1. commercially minded Parliament
                                  1. few laws to limit what entrepreneurs do
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