Mention any three reasons that led to the beginning of industrial revolution in England.
Answers
Answer:
1. Enormous Expansion in Overseas Trade of Britain.
Enormous expansion in Britain’s trade in overseas markets was one of the major causes of Technological Revolution. During the seventeenth and eighteenth centuries Britain had carved out an extensive colonial empire and successfully excluded the other powers like Spain, Holland and France from their markets. As a result, It acquired a sort of monopoly in these markets.
2. Availability of Capital.
The vast amount of capital which England had accumulated out of profits of her growing trade enabled her to make large outlays on machinery and buildings, which in turn contributed to new technological developments.
3. Small population.
The small size of England’s population, which could not cope with England’s growing trade, also necessitated that new devices should be found out to keep production in line with the growing demand.