Question

How did Britain’s financial system help launch new industrial ventures?

explain in 3 sentences

Answer 1

Britain's financial system provided access to a large pool of capital through mechanisms such as joint-stock companies and investment banks, enabling entrepreneurs to raise the funds needed to start new industrial ventures. The availability of credit and financial instruments like bonds and stocks allowed for the spread of risk and the pooling of resources, reducing the individual financial burden on business owners. This financial infrastructure supported the growth of industries such as textiles, railroads, and mining, driving economic expansion and innovation during the Industrial Revolution.