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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. C oal Iron Waterways.
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An economy based on farming and handicrafts shifts to an economy based on manufacturing by machines in factories.
Natural Conditions were favorable • Coal • Iron • Waterways
Agricultural Revolution • JethroTull • 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 • 1770- James Arkwright • One roof • Central source of power • Division of labor