descrive the five impirtand factors responsible for the beginning of the industrial revolution
Answers
The five causes for the Industrial Revolution in England are as under:
1. The huge amount of capital available with the European opened avenues for further investment in technology and hence the Industrial revolution came about.
2. The oveseas trade of the Great Britain was rising with time and this forced them to innovate their technology for large scale production.
3. Science was continuously witnessing large scale research and innovations. The need to give practical shape to these research was felt.
4. With the rising production, the need was felt to enhance the market. With this expanding market the available technology would not compete.
5. The most important raw material needed for industrial production like coal and iron were readily available. This facilitated the process of Industrial revolution.
A number of factors contributed to Britain's role as the birthplace of the European Industrial Revolution:
Large deposits of iron and coal near the surface provided the raw materials which would enhance industrial development.
The British Empire and its mercantilist economic system provided valuable sources of raw materials such as cotton, and markets for manufactured goods from Britain.
A plethora of navigable waters and streams in Britain, so many that one was never more than 20 miles from navigable water, made transportation of raw materials and manufactured goods efficient and inexpensive.
The Agricultural Revolution in Britain had led to enhanced production of foodstuffs which substantially reduced the price of food. The reduction of food prices consequently provided an increase in disposable income which could be used for manufactured items.
Britain had no internal tariffs as existed in other parts of Europe. This enhanced the efficient movement of raw materials and manufactured products.
Britain had a stable government and established banking system. This stability lent itself to industrial development as market enterprise and entrepreneurship were encouraged.
Britain was further blessed with a large and mobile work force. In other parts of Europe, peasants were still bound to the land. In Britain, after farm lands were enclosed there were more workers available than were needed for agricultural production, and industry was an attractive source of working income.
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