Reasons for the begining of the industrial Revolution in england
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1.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.
In addition England also possessed a large amount of loanable capital obtained by the Bank of England from the rich trade of other countries. This capital also helped England to steal a march over other European countries.
2. Practical bent of mind of the English Researchers.
Another factor which contributed to England's lead in the technological revolution was that the English scientists and engineers had a very practical bent of mind. They made inventions keeping in view the needs of the time.
They concentrated mainly on those inventions of science which had practical utility. This was in complete contrast to the continental scientists who concentrated on research in electricity; chemicals etc. which were not of immediate applied relevance.
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.
This is best exemplified by the changes in the textile industry as well as the coal industry. The shortage of the labour force compelled ;the owners to encourage and apply new mechanical devices.
4. Social and political stability.
Britain not only enjoyed complete freedom of trade but also an insular position which saved her from the disastrous consequences of war, which ravaged the countries of Europe.
This social stability prevailing in England encouraged the people to invest in sectors where they could hope to receive high dividend in future. This led to adoption of new techniques and promotion of new industries.
5. The availability of coal and iron mines close to each other.
The location of the coal and iron mines close to each other encouraged the English to evolve new techniques for the manufacture of iron and utilization of the coals. It is well known that the availability of coal and iron ores in large quantities greatly helped the growth of numerous industries in England.
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.
In addition England also possessed a large amount of loanable capital obtained by the Bank of England from the rich trade of other countries. This capital also helped England to steal a march over other European countries.
2. Practical bent of mind of the English Researchers.
Another factor which contributed to England's lead in the technological revolution was that the English scientists and engineers had a very practical bent of mind. They made inventions keeping in view the needs of the time.
They concentrated mainly on those inventions of science which had practical utility. This was in complete contrast to the continental scientists who concentrated on research in electricity; chemicals etc. which were not of immediate applied relevance.
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.
This is best exemplified by the changes in the textile industry as well as the coal industry. The shortage of the labour force compelled ;the owners to encourage and apply new mechanical devices.
4. Social and political stability.
Britain not only enjoyed complete freedom of trade but also an insular position which saved her from the disastrous consequences of war, which ravaged the countries of Europe.
This social stability prevailing in England encouraged the people to invest in sectors where they could hope to receive high dividend in future. This led to adoption of new techniques and promotion of new industries.
5. The availability of coal and iron mines close to each other.
The location of the coal and iron mines close to each other encouraged the English to evolve new techniques for the manufacture of iron and utilization of the coals. It is well known that the availability of coal and iron ores in large quantities greatly helped the growth of numerous industries in England.
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