Religion played an important role, Queen Elizabeth I had established a Protestant country; meaning it was okay to be rich. The laissez-faire approach taken by the government allowed capitalism to flourish. There were little to no regulations imposed by government allowing the wealthy, middle class owners to pursue profitable business opportunities. Directly funded by society itself, Great Britain’s economy emerged substantial and created banks to maintain their economy stable. However, its prominent source came from trade and commerce; its nearness to water and network of canals allowed easy transportation. The colonial expansion of the 17th century allowed Britain to obtain goods from its colonies and trade it them internationally. Technological innovation was an important …show more content…
Cities grew during the Industrial Revolution. People moved from farms to towns and cities so that they could be close to their new jobs in the factories. It also meant that they made less money for working longer hours. Add to this the higher living expenses due to urbanization and one can easily see why many families were forced to live together in horrible conditions; often in slums with little sanitation. The conditions at the factories weren’t any better; they were dirty and unsafe and people could easily be fired from a job for no reason at all. Child labor was an unfortunate side effect of the industrial revolution. Children would work up to eighteen hours each day in unsafe conditions where many became injured, sick or even died in terrible