Why+industrial+rev.+began+in+G.B.

Mia McDonough

Identify the social and economic factors in pre-industrial England that explain why England was the first country to industrialize.

England was the first country to industrialize due to pre-industrail social factors like a population growth, parliament, and a rise in entrepreneurs as well as economic factors such as a good supply of recources which included money, food, minerals, and rivers Agricultural revolution of the eighteenth centrury Money Recources
 * Economic:**
 * new methods of farming and stock breeding led to a signigicant increase in food production
 * feed more people at lower prices with less labor
 * People did not have to use most of their money to buy food meant they had the potential for buying manufactured goods
 * ready supply of capital for investment
 * Britain had a effective central bank and well-develped, flexible credit facilities
 * rich in coal and iron ore which was needed in the manufacturing process
 * rivers made transportation easy

Rapid growth in population in the second half of the eighteenth century The type of people Parliament
 * Social:**
 * pool of surplus laborers for the new factories emerging
 * Rural workers in cottage industries provide a potential labor force for industrial enterprises
 * early entrepreneurs who were interested in makin profits if the opportunity presented itself
 * provided a stable government
 * passed laws that protected private property
 * freedom for private interprises