A new era of peace after 1815 brought growing prosperity to western Europe. New agricultural methods and improved systems of transportation and communication helped to stimulate progress. One well-known writer noted that "The benefit of turnpikes [toll roads] appears now to be so great, and the people in all places begin to be so sensible of it, that it is incredible what effect [turnpike construction] has already had upon trade in the countries where it is more completely finished." Conditions in Great Britain led to revolutionary new methods of agriculture and manufacturing. This era of rapid industrial development was known as the Industrial Revolution . Great Britain had a favorable combination of needed factors (factors of production)- land, capital, and labor.
Factors of Production: 1. land- all natural resources(rivers, coal, iron ore) 2. capital- money, tools, machinery, equipment 3. labor- large population growth and migration into cities
Objectives: 1. Analyze the factors that led to the Industrial Revolution. 2. Determine why the Industrial Revolution began in Great Britain