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J onathan R eiley. What factors led to the industrial revolution. The Agricultural R evolution. They got new from the new world crops like corn and potatoes New farming technology to improve the yields . The Domestic S ystem. Rural people were farmers and crafters
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The Agricultural Revolution • They got new from the new world crops like corn and potatoes • New farming technology to improve the yields
The Domestic System • Rural people were farmers and crafters • Most production of textiles made of wool
New Economic Conditions • The demand for trade and manufactured goods increased • Capitalism is a new theory
Abundant natural resources and food • They used waterways and rivers for transportation • They had lots of iron and coal deposits
Large labor supply • The agricultural revolution caused people moving to cities looking for jobs • rapidly growth in the population
Britains favorable government • The parliament passed laws to promote investment in business • They had more business
Britains prosperous middle class • Merchants sell the products through britain and the world • Entrepreneurs invest in business and open factories
New inventions • The flying shuttle (1733 John Kay) • The water frame (1769 Richard Arkwright) • The cotton Gin (1793 Eli whitney) • An Effective Steam Engine (1882 James Watt)
Definitions • Textiles - any cloth or goods produced by weaving, knitting, felting. • Industry - the ownership and management of companies, factories. • Manufacturing - the making of goods or wares by manual labor or by machinery on a large scale. • Urban- living in a city • Rural- living in the country
Definitions • Capitalism - an economic system in which investment and ownership is made and maintained by private individuals or corporations. • Entrepreneur - a person who organizes and manages any enterprise, especially a business, usually with considerable risk. • Labor – a job or task done or to be done