Industrial Revolution
An economy based on farming and handicrafts shifts to an economy based on manufacturing by machines in factories.
Why Britain? Why Now?
Causes: 1. expanding Atlantic economy in the British Empire
Natural Conditions were favorable Coal Iron Waterways
Agricultural Revolution Jethro Tull Modern farmer Seed drill Enclosure system Crop rotation leads to cheaper food and disposable income
Political Conditions Constitutional Monarchy Gives country stability Gives economic growth for nation
Legal Conditions No internal tariffs Patents encourage inventions
Factory System James Arkwright One roof Central source of power Division of labor