The Market Revolution, Industrialization, and New Technologies Questions and Answers

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What are the factors of production that allowed the Industrial Revolution to begin?

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The Industrial Revolution began because technology improved at an opportune time, taking advantage of the numerous factors of production available to it. Without these opportunities, the Industrial Revolution may have fallen short and faded or may have been significantly delayed, in spite of the vast technological advancements being made at the time.

Natural resources were one of the greatest factors that allowed industrialization to thrive. The widespread availability of coal, streams and lakes with usable water, and timber helped contribute to engine-powered machines, and far-flung colonies like America and India afforded England even more resources.

At the time, too, labor was cheap and widely available, as there was a sprawling lower class of impoverished people desperate for work, including young children. Thus, industries were able to take advantage of vast amounts of low-paid workers to produce their products.

Capital was another factor that was widely available at the time. Just...

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