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Historical process developed from the mid-18th century in England that led to the passage of the agrarian economy (the capitalist economy).

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Historical process developed from the mid-18th century in England that led to the passage of the agrarian economy (the capitalist economy).

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*The application of new techniques.                   *Scientific discoveries.               *A new way of thinking economic liberalism.  

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*The application of new techniques.                   *Scientific discoveries.               *A new way of thinking economic liberalism.  

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Why did the industrial revolution begin in England in the mid-18th century?

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Why did the industrial revolution begin in England in the mid-18th century?

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* abundance of hydraulic power

* abundance of mining resources: iron and coal

* Existence of navigable rivers and good ports that made communication and exchanges easy

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* introduction of new forms of cultivation: norfolk system

* mechanization of agricultural work

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*greater benefits for farm owners: accumulation of capital that can be invested in other sectors.

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demand for machinery (produced by the steel industry)

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demand for machinery (produced by the steel industry)

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*abundance of labor = low wages

*population increase

*higher demand = higher consumption (e.g. of textile products)

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*better quality of life and fewer diseases