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The Beginning of Energy and Industry

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European History
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Chapter 22: The Revolution In Energy and Industry 1)The Industrial Revolution in Great Britain a)Eighteenth-Century Origins i)IR grew out of a long process of development (1)Expanding Atlantic economy with mercantilist policies provided growing markets (2)Canal-building boom, proximity to navigable waterways, no tariffs on shipping made shipping products domestically profitable (3)English farmers high productivity, continually used new methods- bountiful crops + low food prices, ppl could spend money on other goods (4) Effective central bank, stable and predictable govt, few economic controls and free market, large class of agricultural laborers formed potential labor force

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