November 15, 2007

November 15, 2007 - Britains Industrial Revolution: 1st off...

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Britain’s Industrial Revolution: 1 st off the mark Intro o Transformed way goods were produced, transported and sold o Not an abrupt change, rather a gradual process over a century o 1760 – 1840s: First industrial revolution in Britain 1760s: Innovation in textile and power generation 1840s: Government regulating work conditions Manufacturing over taking agriculture Steam-powered ships and trains 1846 Free Trade 1851 More than half of population was urban Why did Britain industrialize first? o Abundant resources Coal Iron ore Land Water o Experience in trade Center for global trade o Strong and stable government 1600s a constitutional monarchy with parliament Property rights Strong navy o Entrepreneurial spirit Scientific revolution in 16 th and 17 th century guilds weak/non- existent Allowed people to engage in entrepreneurship o Demographic changes Population and urban growth o Increased consumer demand
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November 15, 2007 - Britains Industrial Revolution: 1st off...

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