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INDUSTRIAL REVOLUTION (reason (Availability of coal and iron, Advanced…
INDUSTRIAL REVOLUTION
reason
Availability of coal and iron
Advanced system of transport and communication
Interest in scientific approach & investigation by people
Stable society and government encouraged trade & commerce in Britain
Labour availability in plenty
Strong navy to acquire colonies
Major inventions
Flying shuttle by John Key
Spinning jenny by James Hargreaves
Water frames by Richard Arkwright
Reaper and thresher
Steam Engine by James Watt & John Stevenson
Cotton gin by Eli whiteny
Imperialism
Mother country was exploited by colonies
Indegious industries were destroyed
instructed to grow only cash crops
Colonies were the suppliers of material and the market of finished goods
Capitalism
Two classes arose: Factory owners- their main focus was on profit making
workers: They recieved wages for their labour in factories
Birth:Britain
Main countries: Britain,France,Holland & USA