Flashcards in Industrialisation and Protest: Impact of Industrialisation Deck (21):
When was the Bank of England established?
By 1784 how many banks were there in the UK?
119 (not including London)
In 1808 how many banks were there in the UK?
In what year were banks given permission to grant bank notes?
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
Where/when was the first joint-stock bank?
Lancashire in 1826
By 1866 how many joint-stock banks were there worldwide?
154 (with 800 branches)
Why was the banking system important to the economy?
Provided source of capital and an easy way to pay employees
How much cotton was imported in 1833 in contrast to 1761?
1761: £3 million worth
1833: £300 million worth
How many did the cotton industry employ by 1833?
When was Arkwright's waterframe invented?
When was Crompton's Spinning Mule invented?
Railway and dock investment was popular, for example..
In 1839 the Marquess of Bute built Cardiff bay docks
Between 1816 and 1831 the middle class grew from ____ to _____
160,000 to 214,000
Middle Classes came from the working class, for example
Arkwright came from nothing, died with personal fortune of £500,000
The steam engine was first invented in what year?
Towns and cities grew rapidly, before only London and Edinburgh had over 50,000, but by 1851, ___ cities had over 100,000
When did water become controlled by councils instead of private companies?
What housing came as a result of increased population?
Back to back housing
The first railway line was developed when?
In the early 1820s