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19th Century English Economy
Transcript of 19th Century English Economy
- Economy plays a role on the different classes. The blacksmith and getting they're supplies from the industries
Affect what's considered a fortune during Pip's time
Economy during Dickens time affect his writing style, also the dailey life of an average person in the 19th century
•1800s= British Rose in Industrial Power
•Industrial replace merchants in the capitalists system
•Ultimate control came in hands of financiers
(Timeline) 1802 = 1st electric battery capable of mass production was designed by William Cruickshank in England
1811-1816= Textile workers, Luddities= wide spread protests against low pay& unemployment in Nottinghamshire
- Destroyed machines
1813= Indusrial employment overtook agricultural employment in England for 1st time
1825 – 1st regular railway services started between Stockton& Darlington in NE England
1826= Journeymen Steam Engine Fitters, 1st substantial industrial trade union
- Established in Manchester
1831-1852 = British industrial production doubled
1832 = The Reformation Act concerning elections to the British Parliament gave representation to industrial cities
1833= 1st effective Factory Act was passed in Britain regulating child Labor in cotton mills
1842= Coal Mines Act prevented women& children from working in harsh conditions in mines
1842 = Cotton- industry workers in England staged widespread strike
1846 = Repeal of the Corn Law in Britain reduced agricultural prices
1850 = Britain was the leading industrial power in the world.
1851 = Britain celebrated industrial achievements in the Great Exhibition
1852-1880 = British industrial production doubled again
1803 – 1815 = France Vs. England
Contributor to economy as it required war material to fight and spurred the rise of military industries
Contributing factor to long depression as debt acquired to fight the way helped contribute to the monetary collapse that started the long depression.
Second Industrial Revolution 1800s= British Rose in Industrial Power
Financiers replaced industrialists as the controlling powers in industrial conglomerates.
As ultimate control came in hands of financiers, the controllers on industry became divorced from the production centers.
The rapid development of railways revolutionized the transport section
-In 1825 Britain saw its first passenger train.
-By 1848 Britain had more than 5,000 m of
-This rapid development or railways also
boosted other industries such as the iron
- Revolutionized transportation systems Railroads and Labor The rising industry also created a demand for Female& child labor
-Lower social class
- Resulted in sweatshops with terrrible
This lead to the rise of laws regulating this sector.
It also contributed to the formation of labor unions.
Effects on Foreign Policy
The financiers control of industry lead them to influence foreign policy to protect their foreign interests.
The industrial conglomerates with modern production techniques were able to produce more consumer goods than the market required. This lead to an increase in the standard of living of the average Britian
The Long Depressions The long depression of 1873-1896 saw a decline in Britain’s leading position in world industry.
The long depression saw the introduction of protectionism as laws were created to protect local industry from foreign products/competion.
Britain's competitive edge eroded as the American and other European countries industries began to catch up with Britian’s industrial revolution.
The long depression also spurred the expansion of colonialism as Britain looked for 3rd world countries to use as a market for their industrial products.
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•"Industrial Revolution." Welcome to Nettlesworth Primary School. N.p., n.d. Web. 16 Apr. 2010. <http://www.nettlesworth.durham.sch.uk/time/victorian/vindust.html>.
•Machinery, manufacturing, and made possible through technical advances such as the steam. "Industrial Revolution." Fat Badgers Guide to Quality Inns. The original Guide Listing the very best inns serving good food, wine, beer, ales and hospitality. N.p., n.d. Web. 15 Apr. 2010. <http://www.fatbadgers.co.uk/Britain/revolution.htm>.
•"Georgia State University Library - Special Collections & Archives - Southern Labor Archives - Image Collections - Labor Prints." Georgia State University Library. N.p., n.d. Web. 16 Apr. 2010. <http://www.library.gsu.edu/spcoll/collections/AV/19cLabor/19clabor06.htm>.
•Jowett, Benjamin, and Arnold Toynbee. Lectures On the Industrial Revolution in England: Popular Addresses, Notes and Other Fragments. Toronto: Nabu Press, 2010. Print.
•Donelson, Tom. " Economic History of 19th Century England - Blogcritics Books ." Blogcritics - News Reviews and Opinion . N.p., 28 Sept. 2004. Web. 15 Apr. 2010. <http://blogcritics.org/books/article/economic-history-of-19th-century-england/>.
The 19th Century English Economy By Kylie Lynn Cailteux