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British Museum - The Industrial Revolution and the changing face of Britain page 3
Conclusion
The Industrial Revolution brought fundamental changes in the British way of life. Scientific innovations and technological
improvements contributed to the advancement of agriculture, industry, shipping and trade and to the expansion of the economy.
With the increase of capital and the need for credit, banking developed not only in London but also in the countryside.
Industrialists, shipbuilders, merchants and other private manufacturers established provincial banks and issued paper money
in the form of bills of exchange and notes, primarily in order to provide payment for labour and for the purchase of raw materials.
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British Museum - The Industrial Revolution and the changing face of Britain page 3
The exhibition The Industrial Revolution and the Changing Face of Britain offered an insight into the creation of country banking
and a testimony to the economic development of the rural regions of Britain in the 19th century. As this essay has sought to
indicate, the iconography of the banknotes of the time, so well represented in the British Museums collection, shows a
narrative of agricultural, industrial and maritime prosperity alongside an architectural boom a positive, and indeed somewhat
idealized, picture of wellbeing and progress.
Print
5 banknote, Carlisle, 1837-1896 (1981,1122.91)
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