1. Why was England the first country to industrialize?

2. First, a definition: Industrialization: the process of developing machine production of goods

3. Quick Review. What does a country need to industrialize? Land Labor Capital Entrepreneurs + Political Stability Land Labor Capital Entrepreneurs + Political Stability

4. So, why was England the first country to industrialize?

5. Reason #1: LAND (natural resources!)

6. There are many rivers in England… Rivers gave: 1) Power source for factories 2) Navigable areas for boats (trade!) Rivers gave: 1) Power source for factories 2) Navigable areas for boats (trade!) Reason #1: LAND

7. There are many rivers and canals in England… Provided transportation internally!

8. Rivers and canals Helped in: Transporting finished goods to markets Water power to run machines Helped in: Transporting finished goods to markets Water power to run machines

9. There were many coal fields in England… Coal was burned to provide power for steam-driven machines

10. There was a lot of iron ore in England… Iron ore was used to construct machines, tools, and buildings

11. Conclusion : England had a TON of natural resources, which enabled it to be the first country to industrialize. Reason #1: LAND

12. Other factors also made England the perfect place for the Industrial Revolution to start.

13. Reason #2: LABOR Because of the agricultural revolution  more food was produced  which meant England had a BOOMING population More people  lots of workers in factories!!!!! (laborers) Because of the agricultural revolution  more food was produced  which meant England had a BOOMING population More people  lots of workers in factories!!!!! (laborers)

14. Reason #2: LABOR

15. Reason #3: Capital ($$$) Government of England had a highly developed banking system –  This meant that British banks gave LOANS to people for their new machineries  allowed businesses and factories to GROW! Government of England had a highly developed banking system –  This meant that British banks gave LOANS to people for their new machineries  allowed businesses and factories to GROW!

16. Reason #3: Capital + Entrepreneurs Many entrepreneurs lived in England –Entrepreneur: a person who organizes, manages, and takes on the risks of a business (think $) –Patent system: inventors were able to patent inventions more easily in England Encouraged entrepreneurs to invest in inventors and inventors to invest time in making new and better products Many entrepreneurs lived in England –Entrepreneur: a person who organizes, manages, and takes on the risks of a business (think $) –Patent system: inventors were able to patent inventions more easily in England Encouraged entrepreneurs to invest in inventors and inventors to invest time in making new and better products

17. Reason #4: POLITICAL STABILITY During this time, there were no wars or revolutions happening in England!  it was a peaceful country Also, the government encouraged the industries by improving the infrastructure (buildings, roads, etc…) Finally, Britain had a STRONG navy and military that protected the country and economy! During this time, there were no wars or revolutions happening in England!  it was a peaceful country Also, the government encouraged the industries by improving the infrastructure (buildings, roads, etc…) Finally, Britain had a STRONG navy and military that protected the country and economy!