Industrial RevolutionBritain Leads the WayChapter 5, Section 2
Focus QuestionWhat key factors allowed Britain to lead the way in the Industrial Revolution?
Why did Britain become the First Country to Industrialize?
British WorkforceSkilled mechanics and ready workforcePopulation explosion led to high demand for goodsAvailable moneyOverseas trade contributed to prosperous British economy
CapitalPlenty capital(money) to loan and invest in new factories, mines, railroads, and enterprises (a business organization)
British ParliamentStable governmentand political system in Britain that supported economic growthOther countries were experiencing revolutions that destabilized the government
Powerful British NavyStrong navy to protect British trade, her empire, and overseas trade“The sun never set on the British empire”
EntrepreneursNew entrepreneurs(assume financial risks of starting new business) emerged
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