Level 118
Level 119

Europe & Britain Industrial Revolution

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raw materials
Why was europe the first country? (pre existing conditions)
agricultural revolution
population expansion- bigger labor force and more demand for goods
Why Britain?
hands off
Laisse faire economic policy
Perception of mobility
people think they can climb the social ranks
men of genius
incredible inventors and thinkers
Why did Britain experience decline?
fell behind Germany in applied science education- engineering
Failure to reinvest
did not pour money back into the company to continue development
Tariff barriers
definition: taxes on other people's goods
Spent research and development $ on weapons
Level 120