Industrial revolution Flashcards
Why was growth in agricultural efficiency so significant?
Made up 30% of the economy
1760-1860 annual growth in textile efficiency
double modern growth at 2.4%
Who were the main winners from innovation?
Consumers as inadequate institutions to protect innovators profits meant rapid cloning of production technique by competitors driving down price
Factors causing BR to rise 40%
Amount of women never to marry halved
Increase in illegitimacy rate
Lower maternal deaths
Marriage at young
Was population growth or efficiency the main cause of economic growth?
Population as UK population grew by 4x’s 1700-1860 economy grew by 6x’s
How did poor food security lead to growth?
Need for 22% of raw materials and food to be imported by 1860 led to production of manufactured exports
How did inorganic technologies lead to growth?
Non agricultural technologies were easier to innovate and raise efficiency due to factors e.g. shorter production time scale
