Explain the factors that led to industrial revolution in continental Europe.
Answer:
- Political stability -after the abolition of feudalism.
- Adequate raw materials gotten as a result of the Agrarian revolution.
- High population in European countries that provided both skills and unskilled labour.
- Adequate capital gotten from colonies and loans from Britain was invested in industries.
- Well developed banking and insurance services that ensured industrial growth.
- Good transport infrastructure in form of roads, railway and water that facilitated the
transportation of workers, raw materials and finished products.
- Availability of the manufactured goods.
- Government support by giving tax concession and subsidies to industries and investors.
- Availability of sources of energy for example, coal, steam and electricity