and All Correct Answers 2025\2026
Updated.
What are some of the main obstacles to economic growth in a subsistence economy? Or in
other words what factors prevent the development of *greater market economy*? - Answer
Most people are concerned with only producing for themselves, not for making a surplus to sell.
Even when there was surplus, the nobility often took it
*Transportation* was too expensive and it took to long to get there so food would often rot
*Resource constraints:* little space for luxury goods bc ground space was used for food.
transaction costs - Answer prices are high for people to purchase
What is the Malthusian trap? - Answer times are good so people reproduce more, but then
the population exceeds resources and people begin to die from resources and other resource
bound causes
What were the causes of the industrious revolution? What were the main effects of the
industrious revolution? How did this industrious revolution differ from the later industrial
revolution? - Answer It all began with the settlement of America and the *Colombian
Exchange*
-boom in money oriented crops like indigo and tobacco
-the rampant use of slaves allowed regular people to buy luxurious goods
-people flocked to the cities for trade and market economies which benefited farmers bc they
could sell their food to city dwellers and raise money on the side
-farmers began doing side jobs to create goods for the market economy
-Because of these changes farmers could purchase raw materials with surplus goods and come
together with other farmers to mass produce manufactured goods with greater efficiency than
by themselves.
*-This is different than the industrial revolution as it does not result in an increase in technology
but simply an increase in labor and manufacturing.*
Why did the industrial revolution occur in Britain and not somewhere else? - Answer There are
, More than likely it was an economic phenomenon resulting from Britain's foothold in
international trade which drove them to be more competitive
*High labor costs* also drove businesses to use machinery because it was much more efficient
and cheaper
In the textile industry the process of "spinning" is the term used to describe the production of
___? - Answer Turning raw cotton into thread for clothing
spinning jenny - Answer Created *multiple threads at once* which greatly benefited
production
water frame - Answer Takes out all human effort by spinning
spinning mule - Answer created multiple threads which only required a worker to remove
spindles
how did Britain's textile spinning industry change as a result of industrialization? - Answer
price of cotton goods dropped 85% so now ordinary people can afford cotton items
Innovations in bleaching and dying also boost Britain
how was the world economy impacted by the growth of Britain's cotton textile industry? -
Answer With Britain expanding so rapidly it surpassed India in productivity with cheaper
prices and eventually most other international markets closed. This led to a center periphery set
up where Britain produced most all manufactured cotton goods and was fed raw cotton from
the rest of the world, especially America
Why was there an increasing demand for coal in Britain in the 1700s? What were people using
coal for? - Answer Wood was becoming scarce with the growing city populations and more
expensive so people began to use coal to heat their homes instead of wood burning fire places
The *Newcomen steam engine* was originally invented for ___? - Answer Pump water out of
the coal mine shafts so that they could be used to ease the fatigue of horses and men from
pumping the water out