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Which of the following is the correct reason for Industrial Revolution to start in England?
i. English merchants had accumulated huge wealth
ii. England had huge amount of essential resources
i only
ii only
Both i and ii
None of the above
The Industrial Revolution began in England from about 1750 AD. This was possible because English merchants had accumulated huge wealth through overseas trade and her colonies secured the supply of raw materials. The colonies also acted as potential markets for finished goods. Moreover, England had huge amount of essential resources such as coal and iron which were necessary for running the industries. Thus, the capitalists invested in the development of new machines to speed up the production with the aim of earning more profits.
By: Gagandeep Singh ProfileResourcesReport error
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