Resources Coal and iron ore used for creating steam Skilled mechanics who learned from the Scientific Revolution and Enlightenment period now began to invent new machines

Labor Rapid population growth – caused in part by increase in food Enclosure movement had eliminated many small farms and freed farmers up to take factory jobs New machines used in farming increased productivity so fewer farmers were needed

Transportation Extensive river system Private and public investments were made to build roads, bridges and canals Irregular coastline gave Britain many good ports

Government Support British government had created a strong central bank which made borrowing easier British government built a strong navy to protect its overseas investments

Markets Colonial possessions provided Britain with markets for their goods

Investment Capital Improvements in agriculture made food cheap and freed up $ for investment Profits from trade and the cottage industry Strong central bank with flexible credit facilities for lending Profit from colonies

Spirit of Entrepreneurship Many British were willing to take a risk with their money and invest in businesses Religious beliefs encouraged thrift and hardwork