What role did the 'Colonial Empire' play in Britain’s early industrialization?
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Correct answer: It supplied raw materials like cotton and provided markets for finished goods
Colonies provided a steady supply of raw cotton from the Americas and India. They also served as captive markets where Britain could sell its mass-produced textiles, ensuring high demand for factory output.
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More Origins of Industrialization questions
- Which scientific principle was fundamental to the improvement of the steam engine by James Watt?
- The 'Agricultural Revolution' preceded industrialization by:
- Eli Whitney’s invention of the Cotton Gin in 1793 had what significant economic impact?
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