Recipe for Industry
From the “kitchen” of: Great Britain (England)
NATURAL RESOURCES – rivers & streams (Energy ! Trade! Travel!);
CAPITAL - $ or anything used to make $; money to invest in business; banks
with cash to loan; MERCANTILISM HAD CREATED MUCH WEALTH FOR
ENGLAND THROUGH TRADE WITH HER COLONIES
SKILLED LABOR: Educated workers; ENTREPENUERS “risk takers”!!!
INFRASTRUCTURE –transportation and communication systems
MARKETS – place to sell manufactured goods (COLONIES)
BRITAIN’S FIRST FACTORIES WILL BE TEXTILE (CLOTH) FACTORIES!