What was the Industrial Revolution? The Industrial Revolution was a fundamental change in the way goods were produced, from human labor to machines Move.

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Presentation transcript:

What was the Industrial Revolution? The Industrial Revolution was a fundamental change in the way goods were produced, from human labor to machines Move from Cottage/Domestic Industry to Factory Production

England: Birthplace of the Industrial Revolution No concrete start date for the Industrial Revolution Marked by gradual, slow changes After 1750 – these changes were noticeable first in England

Key Ingredients for Industrialization:

Excess Capital Money to invest in new projects

Labour Supply People to work in the new jobs that have been created.

Entrepreneur Person who sees new opportunities and is willing to take a chance (invest time and money) into something that may never take off.

Natural Resources & Energy Sources Needed to make goods and supply factories with power and supplies Without raw materials mass production can not take place.

Transportation & Communication System Alls Passage of materials, labour and ideas. Needed to get raw materials to factories and goods to markets

Stable Government Provides stability and security for investors.