INDUSTRIALISATION Flashcards
(50 cards)
Growth in banks
1784 - 119 banks
1800 - 800 banks
Standardised currency
1797 - County banks issue bank notes/paper currency - beginning of standardised currency
Cap on banks
1826 - small banks removed cap on banks to give them the right to give notes Usually 6+ owners limited
Middle class and Banking
Middle class use banks to make safe, profitable investments due to the accessibility and profitable returns
First joint stock bank
1826 Lancashire Banking Company
Growth of Joint-stock banks
1866 - 15 joint stock banks with 850 national branches
Increase in middle class
Increase in 75% from 160,000 to more than 214,000
Richard Arkwright
Inventor of the water-frame, purchased land in Cromford following success. Died with £500,000 (modern) and a knighthood
Richard Trevithick
Steam engine on wheels inventor, died penniless after making poor financial decisions - MC could go either way
Growth in back-to-back housing
Nottinham 1841 - 12,600 back-to-back dwellers
1801 - 2/3 of Birmingham’s population live in back-to-back housing
Housing conditions
Dozens sleep in the same room,
Wider houses only 4m wide, one room with another to sleep above it
Foundation usually only 3 bricks deep
Ventilation housing issues
Limited natural light = candles = no ventilation = respiratory issues
Manchester Street Inspection
1832, 200 people died on the streets due to the conditions
Issues with sewage
Cesspits and private privies lacked stable foundation 0 sewage leaked into water supply causing Influenza and Cholera
First Cholera outbreak
1831, Sunderland - 32,000 died
How living conditions affected the economic divide
Sanitisation legislation was only proposed in affluent areas which widened the economic divide
Why sanitisation was mostly inefficient
Louis Pasteurs Germ Theory 1861 - legislation and effects before that did not know what caused disease
What society tried to prevent mining accidents
1813 Society for prevention of accidents
Why mining got more dangerous as industrialisation developed
Demand for coal increased, meant miners had to go deeper
90M 1800
300M 1850
Why were miners more prone to infections
Semi-nude miners
Note an important Mining accident
1812 Felling gas explosion - killed 92. Reopened a month later
What invention helped to prevent gas explosions within the mines
Davys safety lamp 1815 - still risk of collapsing mines and flooding
What was the life expectancy for those working in factories
Mid 30s
How much of export was textile-based
50%