Expansion of Service Industries

Flashcards covering the growth of service sectors like transport, retail, and finance between 1881 and 1914, including key employment statistics and historical examples.

What primary factor led to the creation of new jobs in the service industries?

High demand for goods and services.

How did the expansion of the railway network impact different social classes?

It brought opportunities for widespread travel for all classes for both employment and leisure.

What major development occurred in the retail sector in city centres?

Department stores opened selling household goods and clothes.

When and where did the department store Selfridges open?

It opened in London in $1909$.

What specific profession arose from the growth of financial services such as banking and insurance?

Accountancy.

How did the number of non-manual wage-earning jobs change between $1881$ and $1914$?

The number of jobs doubled, increasing from $2$ million to $4$ million.

What specific type of earnings boosted the economy according to the expansion of service industries?

Invisible earnings.