Industrial Revolution Research

Industrial Revolution - Banks

Many new banks started formulating as a result of capital. After seeing that industries can result in a profit, merchants, retail merchants, farmers, wholesalers, and others then wanted to invest. The banks that were formed usually did not directly invest in the factories and industries, although there were a few short-term loans to industrialists so they could cover their operating expenses. The money given from banks was used to buy new equipment or to improve the current equipment, and to overall expand on the factories.