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Merchants were essential because Great Britain was leading in commercial power so merchants had the capital to invest in new enterprises.
http://www.fresno.k12.ca.us/divdept/sscience/history/industrial_revolution.htm
Also, "Most important of all, merchants in New England had capital--money for investment. The merchants of Boston and Providence had grown wealthy as American shipping thrived in the 1790s and early 1800s. Their capital was essential for developing needed machinery and building industries" (History Alive book).
Marguerite Considine
Wiki User
∙ 13y agoMerchants were essential because Great Britain was leading in commercial power so merchants had the capital to invest in new enterprises.
http://www.fresno.k12.ca.us/divdept/sscience/history/industrial_revolution.htm
Also, "Most important of all, merchants in New England had capital--money for investment. The merchants of Boston and Providence had grown wealthy as American shipping thrived in the 1790s and early 1800s. Their capital was essential for developing needed machinery and building industries" (History Alive book).
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How were clothes made right after the industrial revolution?
In people's homes, or by artisans such as woodworkers or painters. These goods were then distributed by merchants.
How many parts was the industrial revolution divided into?
The Industrial Revolution was divided into two distinct parts: the First Industrial Revolution, and the Second Industrial Revolution.
How did the industrial revolution promote imperialism?
It (Industrial Revolution) encouraged imperialism by: It (Industrial Revolution) created a need for raw materials and markets.
What happened after industrial revolution?
Following the industrial revolution, the next big technological leap is described as the computer revolution or the post-industrial revolution.
Where did the second Industrial Revolution began?
the first industrial revolution took place in englan and the second industrial revolution in germay the second industrial revolution is also called the technology revolution.
How did European merchants find the funds to invest in the industrial revolution?
Through slave trade and the heavy taxation imposed on the farmers.
How did the economic philosophy of mercantilism slow economic growth before the industrial revolution?
It prevented merchants from freely trading goods in foreign markets.
How were clothes made right after the industrial revolution?
In people's homes, or by artisans such as woodworkers or painters. These goods were then distributed by merchants.
When did the human population begin to increase exponentially?
Industrial Revolution
How many parts was the industrial revolution divided into?
The Industrial Revolution was divided into two distinct parts: the First Industrial Revolution, and the Second Industrial Revolution.
What is a sentence for this word Industrial Revolution?
your in the industrial revolution
How did the industrial revolution promote imperialism?
It (Industrial Revolution) encouraged imperialism by: It (Industrial Revolution) created a need for raw materials and markets.
What happened after industrial revolution?
Following the industrial revolution, the next big technological leap is described as the computer revolution or the post-industrial revolution.
Where did the second Industrial Revolution began?
the first industrial revolution took place in englan and the second industrial revolution in germay the second industrial revolution is also called the technology revolution.
What If Slavery Was Abolished In The Industrial Revolution?
Then, there would be no industrial revolution.
Why did the Agricultural revolution happen before the Industrial Revolution?
Yes, the Agricultural Revolution preceded the Industrial Revolution.
What revolution took place during the Victorian era?
The Industrial Revolution and the Agricultural Revolution.
