Which statement best describes how the British economy contributed to the Industrial Revolution beginning in Great Britain?A.The British agricultural economy was so weak that businesses needed to industrialize.B.Government leaders exercised strict economic control and demanded industrialization.C.Great Britain had an open economy that encouraged global trade in industrial technology.D.The British economy featured banks and stock companies that invested in industrialization.SUBMITarrow_backPREVIOUS
Question
Which statement best describes how the British economy contributed to the Industrial Revolution beginning in Great Britain?A.The British agricultural economy was so weak that businesses needed to industrialize.B.Government leaders exercised strict economic control and demanded industrialization.C.Great Britain had an open economy that encouraged global trade in industrial technology.D.The British economy featured banks and stock companies that invested in industrialization.SUBMITarrow_backPREVIOUS
Solution
The statement that best describes how the British economy contributed to the Industrial Revolution beginning in Great Britain is D. The British economy featured banks and stock companies that invested in industrialization. This is because the British economy had a well-developed financial system, including a central bank and stock market, which could provide the necessary capital for industrial investments. This financial infrastructure, combined with a stable political system and abundant natural resources, made Britain an ideal place for the Industrial Revolution to begin.
Similar Questions
How did government policies contribute to the beginning of the Industrial Revolution in Great Britain?A.The British government broke up joint stock companies to promote competition.B.The British government established factories that produced industrial goods at low prices.C.The British government passed laws that prevented any businesses outside the country from learning about manufacturing innovations.D.The British government paid a large percentage of the wages earned by industrial workers.
6. What was an impact of the Industrial Revolution in Great Britain? A. The aristocracy grew more powerful. B. The peasants were liberated. C. The working class became the most powerful group. D. The middle class expanded.
The next questions refer to the following passage from a 2008 historical study.“The Industrial Revolution, with its technology-driven economic growth, long stood as a formidable barrier to any effort [by historians] to search for economic growth based on any other factor or in any earlier period. Yet...decades of work on early modern European [economic history] have fundamentally challenged the conventional belief in a growthless, traditional economy. It is now sometimes conceded that substantial economic growth occurred before the technological breakthroughs of the Industrial Revolution....[Moreover, new data] on overall British economic performance during the classical Industrial Revolution era, 1760–1830, reduces [previous historians’] growth estimates by more than half. This slower macroeconomic growth bathes in a rather less luminous light the traditional arguments about the relative importance of technology in initiating modern economic growth in this era. It also reduces the contrast with earlier decades and thus makes pre-industrial Britain as well as several neighboring countries richer, more [developed] societies than has long been supposed.”Jan de Vries, historian of early modern Europe, The Industrious Revolution, 2008QuestionWhich of the following best supports de Vries’ argument?ResponsesBefore the advent of the steam engine, a dense network of canals and roads had been built in Britain in response to the growing commercialization of agriculture and manufacturing.Before the advent of the steam engine, a dense network of canals and roads had been built in Britain in response to the growing commercialization of agriculture and manufacturing.England’s large deposits of easily accessible coal and iron ore gave it an early lead in industrialization.England’s large deposits of easily accessible coal and iron ore gave it an early lead in industrialization.In countries where the process of industrialization started late, such as Prussia and Russia, the state had to take a much more active role in promoting economic growth than in countries that industrialized early.In countries where the process of industrialization started late, such as Prussia and Russia, the state had to take a much more active role in promoting economic growth than in countries that industrialized early.The new commercial elites of early modern Europe both competed with and sought to assimilate into traditional landowning and clerical elites.
Which of these factors helped to fuel the Industrial Revolution in Britain? A. longer life expectancy and bigger family size B. migration of landless farmers to urban regions C. growth in literacy rates among the working class D. improvements in medicine and health care
Which sentence would be an effective thesis statement for a historical essay on the American industrial revolution? A. The American industrial revolution grew out of the British industrial revolution. B. The American industrial revolution had a major impact on Americans socially and economically. C. The American industrial revolution occurred during the late twentieth century. D. The American industrial revolution ultimately led to the invention of the first telescope.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.