In the late 1700’s, the first sign of a revolution occurred when the steam engine was developed. It introduced the concept of companies and factories being able to create goods using machinery, as opposed to a family working together at home. One of the purposes of the Industrial Revolution was to have more goods produced at a lower cost. An immediate change included the production of goods; what was produced, as well as where and how, it’s cost, and efficiency. The iron and textile industries, along with the development of the steam engine, played central roles in the Industrial Revolution, which also improved systems of transportation, communication and banking. Although industrialization increased volume and variety of manufactured goods, it resulted in often grim employment and living conditions for the poor and working class. The Industrial Revolution was growing rapidly in the United States during the early 19th century. Private investors and financial buildings (such as banks) were needed to provide money to the people who wanted to start a
In the late 1700’s, the first sign of a revolution occurred when the steam engine was developed. It introduced the concept of companies and factories being able to create goods using machinery, as opposed to a family working together at home. One of the purposes of the Industrial Revolution was to have more goods produced at a lower cost. An immediate change included the production of goods; what was produced, as well as where and how, it’s cost, and efficiency. The iron and textile industries, along with the development of the steam engine, played central roles in the Industrial Revolution, which also improved systems of transportation, communication and banking. Although industrialization increased volume and variety of manufactured goods, it resulted in often grim employment and living conditions for the poor and working class. The Industrial Revolution was growing rapidly in the United States during the early 19th century. Private investors and financial buildings (such as banks) were needed to provide money to the people who wanted to start a