HIS101H5 Lecture Notes - Lecture 3: Economic Nationalism, Multivibrator, Friedrich List
13
HIS101H5 Full Course Notes
Verified Note
13 documents
Document Summary
Eighteenth-century origins: social and economic factors influenced england"s takeoff. The canal network constructed in britain after 1770 contributed. Productive english agriculture meant capital available for investment and spending money for ordinary people to purchase industrial goods: a stable government and an effective central bank also fostered industrial growth in. The problem of energy: the cotton textile industry could not have continued to grow using existing energy sources. o. In the eighteenth century, britain experienced an energy shortage as the wood supply shrank: the wood shortage caused the iron industry to stagnate. James watt increased the efficiency of the steam engine: steam power was used in many industries, the use of steam power transformed the iron industry. The coming of the railroads: beginning in the 1830s, railroads transformed the economy, society, and culture, railroads reduced the cost and uncertainty of overland shipping, the construction of railroads created demand for unskilled labor.
