During that time we didn't have to outsource or import what was needed for manufacturing. Can you imagine how quick America's problems would reverse if we started utilizing our own resources. Which there is still plenty of
How did abundant natural resources contribute to industrial revolution?
Abundant natural resources contribute in the following ways -
1. Cheaper raw materials: Everyone wants things cheap the more the things are the cheaper they become.2. Cheaper transport - As there are a huge amount of them people will not like to pay much for transporting these readily available materials.3. The main reason for setting up Industries is to make profits which are big if the raw materials, transport are cheap.4. To make more profits, research is given importance as well to reduce the cost of processing etc.
All the above factors lead to a revolution.
1. Cheaper raw materials: Everyone wants things cheap the more the things are the cheaper they become.2. Cheaper transport - As there are a huge amount of them people will not like to pay much for transporting these readily available materials.3. The main reason for setting up Industries is to make profits which are big if the raw materials, transport are cheap.4. To make more profits, research is given importance as well to reduce the cost of processing etc.
All the above factors lead to a revolution.