Wednesday, January 19, 2011

"Britain's Industrial Advantages and The Factory System" by Edward Baines

Reasons for the success of Industrialism in Great Britain:
  • Cheap and abundant supply of iron, water-power, and coal
  • Great number of streams used for water-power andcanals which were used for inland navigation
  • Abundance of well-situated ports such as Liverpool which were able to export and import goods easily
  • Plentiful supply of timber which was used for building purposes
  • Introduction of the railway added to the transportation of goods and raw materials
  • Excellent commercial position- situated between north and south Europe and was enhanced by its command of the seas and security from invasion
  • Ports had access to every quarter of the world
  • A temperate climate and a hardy race of men contributed to promote industry
  • Secure personal liberty and property promoted free enterprise and capitalism
  • Surplus of capital promoted entreprenuerial spirit
  • Tolerance of all people adds to work force
  • The recent Napoleonic wars did not hinder manufacturing improvement and therefore England was left without a competitor

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