1. Britain, Ripe for Revolution Wednesday March 28th 2012
Vocab:
Demand
Capital
Guiding Questions:
1. What are the 3 reasons why Britain was the perfect place for the industrial revolution?

2. Why Britain? Reason #1: Natural Resources were abundant
Water: Natural ports, and navigable rivers which made construction of canals easy.
Canals increased trade and communications and was CHEAP
Coal: Used to power steam engines
Iron: build new machines

3. Why Britain continued Reason #2: The effects of Demand and Capital
Britain had a lot of skilled workers. Combined with the population explosion, this created a demand for goods
Demand: the amount of goods a consumer is willing and able to buy
The colonies were producing capital (money) that the British could use to invest in businesses like shipping, mining railroads and factories

4. Why Britain continued Reason #3: Britain had a stable government
The government was strong, the British could trust the economy and take risks investing money
The government built a strong navy that protected the empire