economic boom 1851 - 73 Flashcards
(12 cards)
evidence of growth in the agricultural sector in the form of artificial fertifilisers
guano market was worth £8 million by 1870
how did many farmers increase productivity
high farming methods; farmers turned from pure arable to mixed farming.
what was one main reason why there was a rise in demand for food
steady growth in population (1851 - 27 million to 1881 - 35 million)
when was there a period of luck in the agricultural sector in the form of high yielding harvests
1850 to 1873
by the 1870s how much home consumption of wheat and meat was produced by farmers
50% of wheat
90% of meat
evidence of Britain’s population growth
1851 - 27 mn
1881 - 35 mn
evidence of growth in the coal industry
1850 - 50 million tons at £2.3 million exports
1875 - 130 million tons at £8.8 million exports.
evidence of growth in the iron and steel industry
1850s - £17.9 million of iron and steel exports
1870s - £35 million of iron and steel exports
new industries that opened in the mid victorian boom
- electricity
- chocolate
- soap
- motor industry
evidence of strong economic growth in Britain throughout mid victorian boom
average economic growth of around 2-3% per year
evidence of development in steam ship trade
between 1850 - 1880 tonnage of steam ships increased from 319,000 to over 3 million tons.
how dominant was Britain in the cotton industry
2/3 of cotton sold in the world was British until 1900
