What were the factors that stimulated the early revolution?
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The population increase in Britain and the exodus of farmers from rural to urban areas in search of wage-labor created a ready pool of workers for the new industries. Britain had financial institutions in place, such as a central bank, to finance new factories.
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With a stable political situation, a sophisticated financial sector, surplus capital, and higher agricultural productivity expanding the pool of labor, a flood of innovation started the Industrial Revolution.
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