Steam boiler uses up considerable space, and all production has to be built around it. This another reason why need work force there on time. Finally, changes made in availability of money, make it easier for entrepreneurs to gather enough money to make dreams a reality. And money for such things hard to come by in early 19th C. 1. The only thing people trusted as a medium of exchange was gold and silver.
Interest rates are high a.
If rate of interest is too high, can easily discourage us from taking on project. B. Banks introduce paper money 1. Means a large body of money can be found one place 3. Means persons interested in gambling on canals, textile mills, railroads, etc. 4. Even if real bank, often don't make good investments, or have enough reserves to back up their investments 5.