The Industrial Revolution

Flashcards about the Industrial Revolution

Where and when did the Industrial Revolution begin?

The Industrial Revolution began in England during the 18th century.

What types of factors contributed to the Industrial Revolution?

Technological changes, institutional factors, economic factors, and social factors.

What policies and forms of government were common in early 18th-century Europe?

Mercantilist policies and absolutist monarchies.

What was the purpose of mercantilist policies?

Protected domestic industries and limited foreign competition.

How did England's government promote economic development?

Invested in infrastructure, supported changes like the Enclosure Acts, and created financial stability through institutions like the Bank of England.

What did the Enclosure Acts do?

Reorganized agricultural land.

How did the Bank of England contribute to industrial growth?

Helped entrepreneurs access credit and invest in new technologies.