The document summarizes key aspects of the Industrial Revolution from the mid-1700s to early 1900s. It began in Britain and spread throughout Europe and North America. Factors that contributed to its start included entrepreneurship, positive views of trade, beneficial economic laws, abundant labor from population growth and agricultural changes, and access to raw materials from colonies alongside established markets and infrastructure. Important developments during the First Industrial Revolution included enclosure acts, selective breeding of livestock, new banking systems, the rise of the cotton and coal industries, inventions like the steam engine, and construction of canals for transportation.
The document summarizes key aspects of the Industrial Revolution from the mid-1700s to early 1900s. It began in Britain and spread throughout Europe and North America. Factors that contributed to its start included entrepreneurship, positive views of trade, beneficial economic laws, abundant labor from population growth and agricultural changes, and access to raw materials from colonies alongside established markets and infrastructure. Important developments during the First Industrial Revolution included enclosure acts, selective breeding of livestock, new banking systems, the rise of the cotton and coal industries, inventions like the steam engine, and construction of canals for transportation.
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The document summarizes key aspects of the Industrial Revolution from the mid-1700s to early 1900s. It began in Britain and spread throughout Europe and North America. Factors that contributed to its start included entrepreneurship, positive views of trade, beneficial economic laws, abundant labor from population growth and agricultural changes, and access to raw materials from colonies alongside established markets and infrastructure. Important developments during the First Industrial Revolution included enclosure acts, selective breeding of livestock, new banking systems, the rise of the cotton and coal industries, inventions like the steam engine, and construction of canals for transportation.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as ODT, PDF, TXT or read online from Scribd
Mid 1700's to early 1900's First and second Revolutions Starts in Britain and spreads throughout Europe and North America.
Why did the Industrial Revolution start?
Entrepenuership. There were a lot of entrepenuers. Positive view on trade. Beneficial and developed laws in the economic section. Abundance of labour due to large increase in population and changes in agriculture. The nobility begins to understand that agriculture is not the only way to maintain your wealth. Raw material from colonies. Great selling markets (colonies). You buy raw materials cheap from colonies, produce products and sell it back to them. Functioning infrastructure.
Important aspects of the First Industrial Revolution
Enclosure actes (Inhgnadslagarna) Creates a surplus of labour Selective breeding More meat for the masses Bank of Englad and joint-stock companies Ready capital for investment and limited liability Cotton / textiles Role of colonies and factories Coal Natural resource and fuel for the First Industrial Revolution Steam engine Efficient, strong and mobile Canals Early highways making transportation easier Political climate Adam Smith and capitalism / Does one need democracy for capitalism to prevail? Children Cheap and malleable labour Robert Owen - Idealistic social reform