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Why was British Industry so successful? (Britain's Empire and overseas…
Why was British Industry so successful?
population was growing quickly
more people more goods were bought
more children more workers for the new industries
Britain's farmer grew more food
produce more food for growing population
farm workers earn more so more money were spend on goods produced by industries
Britain's Empire and overseas trade were growing
traders make money and invest it in improving British industry and transport
bring in raw materials like cotton from America
buy lots of British goods like cotton cloth, this keeps the factories and workers busy back in Britain
Britain's transport was improved
better transports make raw materials cheaper and makes the supply more reliable
better transports enlarges the markets and makes the finished goods cheaper
better transport allow new ideas and inventions to spread more quickly
Britain had talented entrepreneurs and inventors
Britain has great inventors who have ideas about how to improve industry
entrepreneurs can see how to make money out of these new ideas and inventions
Britain had plenty of raw materials
have plenty of iron to make machines, railways and cannons
have plenty of clay to supply the pottery industry
have plenty of coal to drive steam engines in the factories