Industrialisation and Protest: Impact of Industrialisation Flashcards

1
Q

When was the Bank of England established?

A

1694

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2
Q

By 1784 how many banks were there in the UK?

A

119 (not including London)

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3
Q

In 1808 how many banks were there in the UK?

A

800

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4
Q

In what year were banks given permission to grant bank notes?

A

1797

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5
Q

In 1826 what happened meaning that the baking system could grow more?

A

The cap on the banks was removed, they could cater for more than 6 members

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6
Q

Where/when was the first joint-stock bank?

A

Lancashire in 1826

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7
Q

By 1866 how many joint-stock banks were there worldwide?

A

154 (with 800 branches)

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8
Q

Why was the banking system important to the economy?

A

Provided source of capital and an easy way to pay employees

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9
Q

How much cotton was imported in 1833 in contrast to 1761?

A

1761: £3 million worth
1833: £300 million worth

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10
Q

How many did the cotton industry employ by 1833?

A

833,000

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11
Q

When was Arkwright’s waterframe invented?

A

1769

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12
Q

When was Crompton’s Spinning Mule invented?

A

1779

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13
Q

Railway and dock investment was popular, for example..

A

In 1839 the Marquess of Bute built Cardiff bay docks

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14
Q

Between 1816 and 1831 the middle class grew from ____ to _____

A

160,000 to 214,000

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15
Q

Middle Classes came from the working class, for example

A

Arkwright came from nothing, died with personal fortune of £500,000

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16
Q

The steam engine was first invented in what year?

A

1769

17
Q

Towns and cities grew rapidly, before only London and Edinburgh had over 50,000, but by 1851, ___ cities had over 100,000

A

29

18
Q

When did water become controlled by councils instead of private companies?

A

1835

19
Q

What housing came as a result of increased population?

A

Back to back housing

20
Q

The first railway line was developed when?

A

In the early 1820s

21
Q

Give two examples of laws the government repealed

A

The Banking Charter Act (1844) removed a cap on banks and the Statue of Artificers was revoked in 1826