Topic 2 - British industrialisation Flashcards

(64 cards)

1
Q

characteristics of the industrial revolution in Britain

A

*Growth in manufacturing industry, especially iron and cotton
*Innovation with productivity growth
*Considerable growth in capital per person
*Major transformation in agriculture, mining, transport, communications and baking
*Ongoing expansion in foreign trade
*Considerable social, demographic and political changes in Britain
*Sharp upturn in population growth
*Large migration of labour from the country to urban cities
*Emergency of the capitalist class and commodity labour
*Shift in power from land-owning to merchant/capitalist class

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2
Q

dates of first industrial revolution

A

1780-1850

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3
Q

average trend growth during industrial revolution

A

1.5% to 2%

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4
Q

when was self-sustaining growth reached

A

not reached until the 1870s when the living standards of the mass population had considerably improved to generate the perpetual consumption for self-sustaining growth

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5
Q

where do origins of industrial revolution lie?

A

revolution lie with the commercial revolution of the eighteenth century that developed under mercantilist policy
*By 1750, Britain was the dominant mercantile economy with the most powerful navy and largest merchant fleet, and London was the financial capital

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6
Q

Effect of atlantic trade and re-exports on commercial revolution

A

*Enabled Britain to widen the range of products it could export to Europe to obtain imports such as timber, pitch and hemp and high-grade bar iron
*Plantations in the West Indies supplied sugar, tobacco, indigo, cotton and dyewoods for re-export

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7
Q

how much did re-export trade increase in the first and second halves of the 18th century

A

90% in first half and twice that in second half

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8
Q

the network of trade and role of slavery - commercial revolution

A
  • Weapons, hardware, spirits and woollens from Britain and calicoes from India were shipped to West Africa in exchange for slaves, ivory and gold
  • Slaves shipped to the West Indies to work in the plantations in exchange for sugar, dyestuffs, mahogany, logwood, tobacco and raw cotton
  • Gold and ivory shipped to East for teas, silks, calicoes and spices which constituted re-exports to Europe so Britain could acquire Baltic timber, hemp, pitch, tar, Swedish and Russian iron, and grain
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9
Q

when did north america assume greater importance in trade

A

second half of 18th century

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10
Q

North America % of British exports in 1750 comapred to late 1790s

A

11% then 32%

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11
Q

role of foreign trade in industrialisation

A
  • Supplied raw materials for production, particularly manufacturing
  • Widened the potential market for domestic products
    o Encouraged specialisation to reap cost efficiencies of large scale production
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12
Q

role of the london financial market

A
  • Bill of exchange was the chief financial instrument that facilitated Britain’s foreign and internal trade
  • Bank of England created a liquid money market for the expansion of private credit
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13
Q

overall effect of British mercantilist policy

A

to establish a national market in Britain.

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14
Q

how did british government policies facilitate the establishment of a national market in Britain

A
  • Protect key domestic industries from foreign competition and to secure foreign produced raw material inputs at cheapest cost
  • Promote transport and communications infrastructure
  • Remove feudal based obstacles to the internal mobility of labour and capital
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15
Q

characteristics of modern manufacturing industry

A

large scale units of operation, labour-saving machinery and non-skilled labour regimented under a factory system

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16
Q

what did the modern manufacturing industry do for industrialisation

A
  • Enabled innovation to increase productivity through better machinery or organisation of the production process
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17
Q

development of modern manufacturing industry

A
  • Origins in the putting-out cottage industries in which urban entrepreneurs organised rural workers to produce textiles and other consumer products by supplying the raw materials and then marketing their output
  • Evolved to specialists that enabled the adoption of labour-saving machinery harnessing water power and later steam power
  • Evolvement to a factory system first occurred on a relatively small scale when production was reliant on water power or involved many stages of production
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18
Q

key sectors of the industrial revolution

A

cotton textile
iron
agriculture
transport and communication

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19
Q

what was the leading sector of the industrial revolution

A

cotton textile industry

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20
Q

why was the cotton textile industry so important

A
  • Income-elasticity for demand for cotton cloth was high
  • Involved a manufacturing process that was highly conducive to innovation in production that improved its quality and lowered its price
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21
Q

two factors that revolutionised Britain’s cotton industry

A
  • Attainment of progressively larger quantities of cheaper raw cotton imported from the slave-based plantations of North America
  • A series of important inventions that improved the quality and price of British cotton textiles
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22
Q

important textile inventions + dates

A

o 1764 Hargreaves spinning jenny
o 1769 Arkwright’s water frame
o 1779 Crompton’s mule
o Power looms from 1820s onwards

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23
Q

during what period did Britain become the dominant global producer of cotton textiles

A

1780s and 1830s

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24
Q

by 1812, what % of national income was accounted for by cotton output

A

7-8%

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25
cotton total exports
1815 - 40% 1850 - 50%
26
importance of iron industry
Was important to construction, engineering and the production of machinery, especially in the steam-powered age
27
first major challenge for iron industry
shift from charcoal to coal
28
constraint on iron industry
demand - couldn't develop until industrialisation process had already started
29
when did demand for iron increase and in what sectors
* Demand increased in the last quarter of the 18th century for building and construction, shipping, mining, military, and machinery
30
what development changed the iron industry
Steam engine in 1775
31
pig iron output comparison
Output of pig-iron estimated at over 250,000 tons in the first decade of the 19th century compared to 30,000 tons in 1760
32
iron exports as % industry output
* Iron exports reached over 40% of the industry output by the 1860s
33
characteristics of revolution in agriculture
considerable increase in productivity per worker on large-scale and enclosed farming units
34
between which years did population double
between 1751 and 1821
35
developments that supported agricultural development
* Mixed farming rotation helped to fertilise soils and allowed farmers to diversify their output and reduce the risks of climate on farmer’s income * Enclosures by Act of Parliament or privately increased arable arming land at cost of rural poor * Entrepreneurial spirit engendered 18th century agriculture * Technological progress in agriculture contributed to lower prices of foodstuffs leading thereby to higher average income per capita
36
transport and communication
* Transport and communication network allowed firms to sell their products in a national market * Britain had advantages in transport due to geographical factors – narrow and considerable inland rivers
37
main revolution in transport
18th century - building of canals
38
first canal name and year
* Duke of Bridgewater’s canal opened in 1761 – its success sparked a mania of building canals from the 1760s to 1790s which in turn reduced transport costs of coal and other bulk commodities
39
Turnpike Acts
gave private contractors the task of repairing roads in return for the right to collect tolls from road users
40
how many miles of rd controlled by turnpike acts
* By the 1830s, over 20,000 miles of road was controlled by Turnpike Trusts
41
first major railway line
* First major line was the Stockton-Darlington Railway 1825
42
first railway line to use locomotive power
* Opening of the Liverpool-Manchester Railway in 1830 first used locomotive power – its success sparked a railway investment boom
43
how many new miles of railway sanctioned in 1830s
2200 miles of new railway sanctioned
44
how many miles of railway sanctioned and constructed in 1840s
over 8200 miles sanctioned and over 6000 miles constructed
45
peak of railway boom - years and figures
1844-46 when £207 million in capital was authorised
46
investment into railways 1830-1860
over £200 million
47
how many workers on constructing railways
1847 - employed 300,000 workers on construction, with 600,000 employed to run the network in 1850
48
how did railways contribute to industrialisation and economic development
* Reduced the cost of freight transport and its speed of delivery * Reduced cost of passenger transport and increased labour mobility * Provided the basis of branch banking by joint stock deposit banks along the network that greatly increased capital mobility as well as the regional security of English banking * also opened up new markets for investment by linking cities and towns, n exploiting resources and through lower freight costs for goods * contributed to a larger national market and ensure Britain was the most competitive producer until late in the 19th century
49
% of national income from ag over time
* Pre-industrial revolution, 40% of national income came from agricultural, in 1801 it had fallen to 32%, 20% in 1851 and 8% in 1901
50
structural change as a result of industrialisation
Manufacturing and mining grew relatively to agricultural and made a greater contribution to income
51
% of labour employed by ag over time
* Ag industry employed 46% of total labour in 1801, fell to 22% in 1851 and 6% in 1901
52
manufacturing and mining % of income and % of labour over time
* Manufacturing and mining in 1801 contributed 30% to national income and employed 23% of total labour, grew to 43% and 34% in 1851 and 46% and 40% in 1901
53
role of technological progress
* Overcoming resource constraints and producing new or better products at a lower cost * Technology to shift from charcoal to coal in heating and generating energy * Development of steam engine
54
why was industry so receptive to new developments
* Enlightenment thought in which people believed their actions could change their destiny and that of society * Greater scientific awareness * Production progressively organised along factory system * Oncoming capitalism in which innovation could be rewarded with high profits while the inability to adapt led to failure
55
pessimistic argument on living standards
industrialisation brought affluence to some but led to a deterioration in living standards of the labouring poor.
56
optimistic argument on living standards
most workers were better off because of more regular employment and wider earning opportunities.
57
living standards from 1740s
evidence suggests did increase
58
real income changes 1780 to 1820
not certain whether the real income of the mass population did increase o Growth of output certainly increased, but so did population and inflation followed by severe post-war depression and high unemployment keeping living standards down
59
on balance conclusion about living standards
the evidence suggests there was a slight increase in real income from 1820 to 1840, but this was associated with a decline in the very poorest of the labouring class * stronger evidence of healthy growth in average real income from the 1840s onwards
60
population growth in Britain
* Population growth of Britain accelerated in the early stages of the industrialisation from the 1740s and markedly from the 1780s until the 1820s * Decline in death rate due to better living conditions and diet was an underlying factor as well as increase in birth rate
61
government liberal reforms of 19th century
* Repealed Elizabethan ‘Statute of Apprenticeships’ 1814 * Repealed Combination Acts 1824 * Repealed a host of out-dated feudal industry regulations affecting production 1820s * Bank Charter of 1833 permitted the Bank of England to disregard Usury Laws (imposing 5% maximum discount rate) * Restrictions on joint-stock banking and branch banking were removed in 1830s * New Poor Laws introduced by Act in 1834 o Government taking responsibility for social welfare * Removal and reduction of custom duties in 1820s that was resumed by Gladstone in 1850s * Removal of Corn Laws in 1846 * Navigation Acts repealed in 1849 * Joint Stock Company Act of 1844 enabled private corporations to be freely established and issue stocks on exchange; with limited liability for directors/owners under the Limited Liability Act of 1855
62
when did britain adopt freer trade
from early 1820s
63
key reform for free trade
repeal of corn laws which protected agriculture
64
when did Britain probably achieve self-sustaining growth?
1870s