1.3.1 Capital Investment in Agriculture Flashcards
Capital Investment in Agriculture was necessary because in order for farmers to take risks and experiment with new techniques, …………
investment was needed to ensure that productivity increased.
Most Yeomen and Husbandmen were unable to afford much investment so it was left to who?
Members of the higher gentry and aristocracy to invest in larger-scale modernisation.
How did members of the higher gentry and aristocracy go about investing in large-scale modernisation?
By buying land from neighbouring farms, enclosing it and investing in new crops.
Large farms that resulted from capital investment (from higher gentry and aristocracy) flourished after… , as… . ….. ….. … and… meant that large landowners could improve their estates relatively………………….
1- 1650
2- population growth slowed down
deflation
3- cheaply, as labour and materials became more affordable.
The impact of investment can be seen in… , where…
the south Midlands
in 1700, around 60% of agricultural land was part of large estates of over 100 acres, compared with around 30% 100 years earlier.
How did capital investment improve production?
large landowners delegated work to their tenants
Why did high rents from large landowners, combined with landowners delegating work to their tenants, improve production?
To meet demands for rent (high), tenants (who were expected to maintain building at their own expense as well as ensure hedges and fields were kept in good conditions) had no choice but to specialise and produce what was most suited to local conditions. which meant investment was required.
How would landlords invest in their tenants in the process of capital investment?
This investment could be consist of….
by offering loans to help them modernise in the expectation that they would profit from increased production.
= This investment could be consist of road improvement and the widening of water courses in order to sell goods at regional markets.
Some farms became huge as a result of capital investment. In… for example, some were… in size.
East Anglia
500
Numerically, … outnumbered large ‘capital farms’, although small farms were only predominant in…
small family farms
the pastoral North and the moorland of the South West.
Marxist Historians believed that the continuing …… land , transition to large estate farming and capital …. in wealth-creating projects point to the development of an early …… system in the 17th century. They group that stood to benefit from this system were those …. and ….. gentry.
1- Enclosure 2- investment 3- Capitalist 4- middle 5- upper
