write two sentences each on the following aspects in the context of industrial revolution
technology
finance and money
agricultural revolution
transport system
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Answer:
Money is the dollar (or debt card) in your pocket at this moment. Finance is the border term that includes money as well as loans, investment portfolio, credit, equity on your house or land… Anything in your name that has financial value. ... Money is a part of finance, but finance includes many other things as well
➙Technology helped in inventing steam engine, spinning machine, rolling mill etc...
➙They helped in increasing the production of goods with improved quality.
➟More availability of wealth is of no use unless it is invested in the right way.
➟The part played by the bank of England in speeding of the use of capital is in no way to be underestimated.
➟The rise of London money market, joint stock banks and joint stock corporation made the finance simple and easy.
➣In the place of unprofitable, old methods of agriculture, new method were adopted like crop rotation, mechanised cultivation etc...
➣This increased agricultural production helping availability of raw materials for industries.
Eg:- Cotton helped textile industries a lot.
➪Canals were built to transport coal to cities.
➪Thousands of kilometres of canals were built by 1830.
➪Were used to transport commodities cheaply.
➪Railways emerged as a new means of transportation that was available throughout the year, both cheap and fast, to carry goods and passengers.