of the Industrial Revolution in England. ... Social Factors: British society tended to be organized in a manner less rigid and … Industrial Production, Agricultural Production, Iron Smelting, Coal Extraction, The Railways, Steam Power Industrial Production Industrialization also lead to urbanization. ô ô ô ¤0 $ $ $ d ˆ $ $ $ ˆ $ $ $ ÿÿÿÿ Five Factors of Industrialization Factor #1 (Land) land refers not just to surface (acreage) for farms, factories, and transport. Factors that led to the Industrial Revolution in Britain. Tags: Question 7 . Before the Civil War, small American factories could not produce enough excess profits to finance large expansion. Q. Capitalism led more people to start new businesses, which increased which one of the factors of production? Copyright © 2021 Multiply Media, LLC. Mechanization ment more rail lines and rail lines were considered the best way to move product from supplier to consumer. Without a generous supply of these basic elements and the ability to organize them, a people cannot develop into an industrial society. land. What are the difference between Japanese music and Philippine music? https://www.answers.com/Q/What_are_the_five_factors_of_industrialization The first telephone system in the 1870’s connected Salem and Boston in Massachusetts, Chicago and Milwaukee. We also show that other variables that policymakers can control play a crucial role. First, technologies for production are necessary. The first Intercity railway was built in 1830 between Liverpool and Manchester. The waterways, roads, canals, bridges, and railroads that developed in the early and middle 19th century provided the vita links for industrialization. 2. Factor # 4 (Connections) Connections are key elements in industrial development. Capital is the means that allows labor to process materials into products. 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Industrialization of the U.S. economy The growth of industry. ô ô ô ô ô ô ô ô #0 %0 %0 %0 %0 %0 %0 $ ®2 h 5 ˆ I0 ô ô I0 ô ô ^0 But besides such purely geographical factors influencing industrial location, there are factors of historical, human, political and economic nature which are now tending to surpass the force of geographical advantages. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. &. Thousands of inventions in the 19th century helped to mechanize and refine manufacturing processes, making hem more efficient and raising productivity. entrepreneurs. What were the major factors contributing to the success of the Second Industrial Revolution in America ? Two factors explain this shift in employment. Profits were made and reinvested. Stalin's First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. 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