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Industrial Revolution . By : Ashanti Whitehurst . What factors led to the Industrial Revolution ? . The Agricultural Revolution. The lifestyle of farming and new crops for example corn , turnips and potatoes . Selective breeding of animals . The Domestic System .
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Industrial Revolution By : Ashanti Whitehurst
The Agricultural Revolution • The lifestyle of farming and new crops for example corn , turnips and potatoes . • Selective breeding of animals
The Domestic System • The system of making things in your home . For example farming and making cloth and clothes . • They used spinning , weaving and dying to make cloth .
New Economic Conditions • Capitalism • The increase of trade , the demand manufactured products • Prices are lower after sale of products are down .
Reason 1 Abundant Natural Resources And Food • Great Britain has a good amount of natural resources . • Such as coal , water , and iron along with a raw materials like cotton .
Reason 2 Large Labor Supply • Growth in population increases • Agricultural Revolution caused of people to move to cities to look for jobs .
Reason 3 Britain’s Favorable Government • Laws were passed by Parliament to promote investment in businesses .
Reason 4 Britain's Prosperous Middle Class • Entrepreneurs start investing , they opened factories and started corporations • Merchants sell products throughout Britain and other place around the world .
Reason #5New Inventions & Already Thriving Textile Industry = Faster Production • The Production Of Major Inventions to Speed Textile • For Example … • Spinning Jenny Invented By James Hargreaves In 1764 • The Power Loom Invented By Edmund Cartwright In 1787 • The Cotton Gin Invented By Eli Whitley In 1793 • Factory System • Machines , Workers , and Overseers make more efficient production • Division of Labor
Definitions • Textiles - anyclothorgoodsproducedbyweaving,knitting,orfelting. • Industry - systematicworkorlabor. • Manufacturing -themaking of goodsorwares by manual labor or by machinery, especiallyonalargescale . • Urban - of,pertainingto,ordesignatingacityortown. • Rural - of,pertainingto,orcharacteristicofthecountry, country life, or countrypeople .
Capitalism - aneconomic system in which investment in and ownership of the meansofproduction,distribution,and exchange of wealth is made andmaintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. • Entrepreneur - apersonwho organizes and manages any enterprise, especially abusiness,usuallywithconsiderableinitiativeandrisk. • Labor - productiveactivity,especially for thesake of economicgain.