Answer:
Large population of landowners
Explanation:
The Industrial Revolution created an increase in employment opportunities. Wages at factories were higher than what individuals were making as farmers. As factories became widespread, additional managers and employees were required to operate them, increasing the supply of jobs and overall wages.
In their influential analysis of 19th century continental European industrialization, Ger- schenkron and Schumpeter accorded banks a central role, arguing that they promoted the creation of new industries. We formalize this role of banks by introducing financial intermediaries into a 'big push' model.
Like Britain, New England had many resources that made industrialization possible. Rapid-flowing rivers provided the waterpower necessary to run machines. Resources such as coal and iron were located nearby. Ports were used to ship goods from the factories to markets overseas.
