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Industrial Revolution (Why did the IR originate from the UK? (what makes…
Industrial Revolution
Why did the IR originate from the UK?
(what makes factors unique to UK?)
Geographical Advantages
Coal as fuel for steam engines
Proximity to the sea
other resources like iron (build machinery, etc)
Political Factors
Paliamentary System
people vote in their leaders (from monarchy to democracy), led to political stability, no revolutions, safe and conducive environment for business to be set up
Laws that facilitated industrialisation
tarriffs tax system on imported goods, cause locals to want to produce and buy their own goods
banned unions, ensure that workers do not disrupt production
Social Factors
Long Tradition of Skill
Easily adapt to new factory system
Innovative Entrepeneurs
Could exploit resources
Economic Factors
Central Bank
people want to loan from the bank, or invest their money
Stock Exchange
people invest in your companies
What were the Impacts of the IR?
Economic Developments
Rise of Consumerism (buying more stuff)
Social Impacts
Urbanisation
(people living in cities)
Jobs
Pollution
Compact Housing, easy access to food, education. healthcare
Social Mobility(through wealth), birth of working and middle class
Political Impact
Imperialsim
More resources
exploit to new markets
Communism
a lot of very rich and very poor ppl from IR, communism for equality of goods and money for everyone (no matter how hard people work, they still get the same share of wages, so some people will not work and still get money, thus communism failed)
Boon or Bane to people involved
increased wages
poor working conditions
poor living conditions
child labour
What was the IR and what led to its development?
Agricultural Revolution
seed drill, crop rotation, less workers needed on farms
Technological Changes
machinery like steam engine
Population Growth
surplus labour force
How did technological developments change societies