Industrialisation and Protest: Impact of Industrialisation Flashcards Preview

Britain, c1785-c1870: democracy, protest and reform > Industrialisation and Protest: Impact of Industrialisation > Flashcards

Flashcards in Industrialisation and Protest: Impact of Industrialisation Deck (21):
1

When was the Bank of England established?

1694

2

By 1784 how many banks were there in the UK?

119 (not including London)

3

In 1808 how many banks were there in the UK?

800

4

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

1797

5

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

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

6

Where/when was the first joint-stock bank?

Lancashire in 1826

7

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

154 (with 800 branches)

8

Why was the banking system important to the economy?

Provided source of capital and an easy way to pay employees

9

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

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

10

How many did the cotton industry employ by 1833?

833,000

11

When was Arkwright's waterframe invented?

1769

12

When was Crompton's Spinning Mule invented?

1779

13

Railway and dock investment was popular, for example..

In 1839 the Marquess of Bute built Cardiff bay docks

14

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

160,000 to 214,000

15

Middle Classes came from the working class, for example

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

16

The steam engine was first invented in what year?

1769

17

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

29

18

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

1835

19

What housing came as a result of increased population?

Back to back housing

20

The first railway line was developed when?

In the early 1820s

21

Give two examples of laws the government repealed

The Banking Charter Act (1844) removed a cap on banks and the Statue of Artificers was revoked in 1826