WORLD HISTORY

Detailed explanation-1: -Coal was needed in vast quantities for the Industrial Revolution to fuel steam engines and furnaces. Iron ore was necessary for machines, buildings, and bridges. England had an abundance of both as well has rivers for inland transportation. Labor represents a large workforce for the industries.

Detailed explanation-2: -An abundance of raw materials was one reason for the nation’s industrial success. The United States had vast natural resources, including timber, coal, iron, and copper. This meant that American companies could obtain resources cheaply and did not have to import them from other countries.

Detailed explanation-3: -The Industrial Revolution was energized by coal and eventually by petroleum and natural gas. Fossil fuels that drive steam and electrical engines made possible a huge increase in the amount of productive energy available to humans.

Detailed explanation-4: -Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Detailed explanation-5: -Many different factors contributed to the rise of the Industrial Revolution in Britain. The new inventions, access to raw materials, trade routes and partners, social changes, and a stable government all paved the way for Britain to become an industry-driven country.