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Question
activity #2: britain leads the way pgs. 174-177
- list 3 natural resources that britain had that helped it lead the way for the industrial revolution.
- what is capital?
- what factors contributed to the start of the industrial revolution in england?
- how did the new textile machines contribute to the growth of new factories?
- what effect did improved transportation have on the industrial revolution?
summary focus question: what key factors allowed britain to lead the way in the industrial revolution?
Sub - question 1:
To answer this, we recall the natural resources that were crucial for Britain's Industrial Revolution. Coal was used as a fuel source for steam engines and in iron production. Iron ore was essential for making machinery and building infrastructure. Water was used for powering water - driven machinery in the early stages and also for transportation via canals.
In the context of the Industrial Revolution, capital refers to the wealth (in the form of money, property, or other assets) that is used to invest in businesses, such as building factories, buying machinery, and hiring workers. It is the financial or physical resources that entrepreneurs use to start and expand their industrial enterprises.
We consider multiple aspects. Geographically, Britain had natural resources (coal, iron ore, water). Economically, there was a growing population which provided a large labor force and a market for goods. There was also a class of entrepreneurs with capital to invest. Technologically, there were innovations in machinery (like in textiles). Politically, Britain had a stable government that supported business and property rights. Also, the Agricultural Revolution had improved food production, freeing up labor for industry.
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- Coal (used as fuel for steam engines and in iron - making), 2. Iron ore (used to manufacture machinery and infrastructure), 3. Water (used to power early machinery and for transportation through canals)