How was the Industrial Revolution able to happen? (Technology Innovation…
How was the Industrial Revolution able to happen?
Investments by wealthy land owners and colonies
Industries could grow and increase their productions with investments.
India provided Britain with cheap and reliable materials to increase textile production.
Water pumps to clear out coal mines, the basic material of energy production, through investments in innovative technology.
Colonial empire - supply of consumers to purchase its manufactures.
Freer Political Institutions
Encouraged people to begin their own innovations
Financial institutions, such as banks, also financed factories.
British government provided the capitalist with laws that protected private property.
Created a favorable climate for Industrialization.
Increase of food production, surplus.
The search for wage labour, resulted in workers for the new industries.
: used to bleach the clothes
: used in industries to create machinery
: used in locomotives and train tracks
1764: James Hargreaves -
1787: Edmund Cartwright -
1760: James Watt -
"Wages were high and energy was cheap. These prices led directly to the Industrial Revolution by giving firms strong incentives to invent technology that substituted capital and coal for labor."
Change in the production of Iron.
The creation of medicines
Steam engine made it possible for the locomotive to exist
Made transportation easier end efficient in long distances