Get premium membership and access questions with answers, video lessons as well as revision papers.
1) Commerce:
Britain had flourishing merchant capital sectors which availed substantive
profits from local and overseas trade which were invested in industry. During
the 18th century, the lucrative slave, ivory and textile trade was centred in
various locations in Britain e.g. Liverpool. This yielded surplus capital that
facilitated industrialization.
2) By 1850 Britain had a well organized system of banking and insurance.
3) It also had profitable colonies, E. Asia, Africa and Western Europe etc. which
provided her with the required raw materials and markets.
4) Britain had a large, wealthy mercantile capitalist class which provided funds
to develop manufacturing.
5) She had the largest and strongest navy which protected her export
merchandise, colonies and raw material imports.
6) England had vast strategic resources of coal and iron, and these were
important in the steel industry.
7) It had a stable government and had experienced long years of peace with no
custom barriers to restrict free trade.
8) It had a high population growth rate which ensured the availability of labour
and market for industrial goods.
9) By 1860’s Britain had a well developed railway and road transport system
that facilitated the movement of commodities and raw materials.
10) The agrarian revolution between 1750 and 1820 availed adequate food supply
that supported an expanding population.
Titany answered the question on December 8, 2021 at 07:41
- What does the term merchant capital mean?(Solved)
What does the term merchant capital mean?
Date posted: December 8, 2021. Answers (1)
- Describe The Tributary Economic System in Buganda Kingdom(Solved)
Describe The Tributary Economic System in Buganda Kingdom
Date posted: December 8, 2021. Answers (1)
- Describe the relations of production within the tributary economic system(Solved)
Describe the relations of production within the tributary economic system
Date posted: December 8, 2021. Answers (1)
- Characteristics of the Tributary Economic System(Solved)
Characteristics of the Tributary Economic System
Date posted: December 8, 2021. Answers (1)
- Describe The Lineage Economic System and Relations of Production among the Maasai(Solved)
Describe The Lineage Economic System and Relations of Production among the Maasai
Date posted: December 8, 2021. Answers (1)
- Characteristics of the Lineage/Kinship M.O.P(Solved)
Characteristics of the Lineage/Kinship M.O.P
Date posted: December 8, 2021. Answers (1)
- Identify the various peasant economic systems in Africa(Solved)
Identify the various peasant economic systems in Africa
Date posted: December 8, 2021. Answers (1)
- Describe the relations of production in the Asiatic economic system(Solved)
Describe the relations of production in the Asiatic economic system
Date posted: December 8, 2021. Answers (1)
- What are the main distinguishing features of the Asiatic economic system?(Solved)
What are the main distinguishing features of the Asiatic economic system?
Date posted: December 8, 2021. Answers (1)
- Describe The Relations of Production in the Feudal Society(Solved)
Describe The Relations of Production in the Feudal Society
Date posted: December 8, 2021. Answers (1)
- Explain the three forms of feudal rent that existed in the feudal economic society(Solved)
Explain the three forms of feudal rent that existed in the feudal economic society
Date posted: December 8, 2021. Answers (1)
- Characteristics of the Feudal Economic System(Solved)
Characteristics of the Feudal Economic System
Date posted: December 8, 2021. Answers (1)
- Describe the feudal economic system (Solved)
Describe the feudal economic system
Date posted: December 8, 2021. Answers (1)
- Describe The Slave Mode of Production in 19th Century in Africa(Solved)
Describe The Slave Mode of Production in 19th Century in Africa
Date posted: December 8, 2021. Answers (1)
- Characteristics of the slave economic system(Solved)
Characteristics of the slave economic system
Date posted: December 8, 2021. Answers (1)
- Explain the reasons responsible for the emergence of the slave economic system(Solved)
Explain the reasons responsible for the emergence of the slave economic system
Date posted: December 8, 2021. Answers (1)
- What do you consider to be the reasons that account for the disintegration of the
communal economic system?(Solved)
What do you consider to be the reasons that account for the disintegration of the
communal economic system?
Date posted: December 8, 2021. Answers (1)
- Effects of the development of private property within the pre-capitalist economic system(Solved)
Effects of the development of private property within the pre-capitalist economic system
Date posted: December 8, 2021. Answers (1)
- Characteristics of the communal economic system(Solved)
Characteristics of the communal economic system
Date posted: December 8, 2021. Answers (1)
- Explain the meaning of communalism(Solved)
Explain the meaning of communalism
Date posted: December 8, 2021. Answers (1)