industrial revolution flashcards

why did the industrial revolution start in england?

england held a large supply of natural resources, they could transport their goods across the country quickly, and private and public investment

supply of capital

financial assets, the people of britain obtained their money from the bank

entrepreneurs

people who organized and managed businesses and built factories

natural resources

coal, iron ore, rivers

government’s role

parliament passed laws protecting private property and gave less restrictions to private entrepreneurs

markets

large colonial empire, advanced merchant ships, cheap and deeply desired textiles sold

london

largest city in europe, surpassing paris. population increase, need/demand for consumer goods. THE CENTER.

cottage industry

one of the many factors that inspired the industrial revolution. gave potential labor force for industrial enterprises

monday

saint monday. workers taking monday off to extend their weekend

john/james kay

created the flying shuttle

the flying shuttle (1733)

sped up the process of weaving on a loom while giving double the output

james hargreaves

created the spinning jenny

spinning jenny (1768)

made yarn in greater quantities for spinners

richard arkwright

created the water frame

water frame (1769)

powered by water/horse. increased yarn production. efficient and created new opportunities, powered many machines

steam engine

powered by coal and didnt need to be near rivers which made them convenient. took a lot of people’s jobs. britain’s most important product

iron industry

based on charcoal. britain made more iron than the rest of the world. cheaper and greater quantities of metal encouraged the usee of machinery in other industries

the railroad

allowed for goods to be sent across the country quickly and efficiently