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Questions and Answers
What was a significant result of the Industrial Revolution by 1850?
What was a significant result of the Industrial Revolution by 1850?
Which resource was crucial for fueling engines during the Industrial Revolution?
Which resource was crucial for fueling engines during the Industrial Revolution?
What economic condition contributed to the emergence of new factories during the Industrial Revolution?
What economic condition contributed to the emergence of new factories during the Industrial Revolution?
How did Britain's colonial empire influence its industrial growth?
How did Britain's colonial empire influence its industrial growth?
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Which factor was NOT a characteristic of Britain's industrial environment during the Industrial Revolution?
Which factor was NOT a characteristic of Britain's industrial environment during the Industrial Revolution?
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Study Notes
Industrial Revolution Overview
- Began sometime after 1750
- By 1850, Britain was the wealthiest country globally due to the Industrial Revolution
- The Industrial Revolution spread to Europe and the Americas
- By 1900, Germany and the US exceeded Britain in industrial output
Resources Driving the Revolution
- Vast colonial holdings (acquired from the Dutch and French) offered large markets and raw materials
- England's geographical advantage: No part was farther than 20 miles from navigable water
- Essential mineral resources: coal and iron, crucial for machinery and engines
Precursors and Conditions
- Preceded by the Agricultural Revolution—leading to abundant crops, low food prices, and disposable income
- Growing demand for consumer goods and a readily available workforce from both rural areas and the former cottage industries
- Ample capital supplied by profits from trade and cottage industries, alongside a strong and flexible banking system
- Risk-taking entrepreneurs and favorable market conditions (both domestic and foreign) with the colonial empire as a key driver in expanding markets
- A robust navy and merchant fleet efficiently transported goods globally—crucially important for the colonial empire
- Stable government with limited continental involvement and low tariffs facilitated growth
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Description
Explore the transformative period of the Industrial Revolution, which began after 1750 and led to significant changes in Britain and beyond. Learn about the resources, geographical advantages, and precursors that spurred this economic transformation. Understand the impact of agricultural developments and the rise of new markets on industrial growth.
