Great Britain
Yes or No: Did Great Britain have good transportation?
Yes
Where is Belgium located?
Across the English Channel from Great Britain.
How did farmers improve their soil?
With chemical fertilizers and cover crops
What political stability did they have?
Britain had a stable government that supported individual political freedom, property rights, and equality of opportunity. Because of these traits, entrepreneurs were encouraged to take risks in pursuit of profit.
What is the saying for the financing industry?
“It takes money to make money.”
What replaced steam and coal?
natural gas, fossil fuels
The Japanese mechanized…
The silk weaving industry and built railroads and ships.
What was the process of producing wool in home workshops?
Carding the wool, spinning it, and weaving it into cloth on a hand loom
How did the British get their resources?
They had many farmers
What system played a key role in industrialization?
The banking system
Moving goods by road was slow, so Britain made what?
They made a nationwide network of canals
What did New England factories specialize in?
Metal parts for machinery and guns.
What advantages did the factory system have over the domestic system?
Merchant entrepreneurs could supervise their workers and take advantage of innovations in technology and new sources of energy, especially the steam engine.
What supplies did they have a lot of?
Britain had plentiful supplies of the raw materials needed in industry, such as coal for fuel or wool for textiles.
Whose money helped boost industrialization?
Wealthy individuals, or capitalists
What materials were being transported by the canals?
Goods and raw materials
Why did Germany start industrializing later?
It consisted of a number of independent states for most of the 1800s.
How did the Mechanization that took place in industry help the farmers?
The farmers no longer had to harvest their grain with hand tools because a horse-drawn mechanical reaper was created to cut and collect grain.
Who did banks give loans to?
Britain’s banks provided loans to entrepreneurs to finance large projects, such as factories, railroads, and coal mines.
What did private and national banks do together?
They provided financial backing that stimulated the growth of industry.
What were the steps to make cloth?
1. It had to be cleaned
2. Then untangled
3. Then the fiber had to be twisted
4. Then the threads had to be woven into cloth
Where did France get their coal from?
New England and Belgium
What is a monopoly, and who created it in the oil industry?
A monopoly is a complete control by one firm of production and/or the supply of a good. Created by John D. Rockefeller
What did Britain have networks of?
Britain had a network of navigable rivers and seaside ports. It built a nationwide system of canals. Later, it developed a railroad network, making the transportation of goods and raw materials cheaper and faster than ever before.
“The more money that capitalists had to invest in businesses, the larger the businesses could grow”. What did this allow?
This allowed for the formation and expansion of the huge enterprises that came to dominate the Industrial Revolution.