The Effects of the Industrial Revolution Prior to the industrial revolution American businesses did not have the qualities that allowed for efficiency. Making products to sell was a slow process that was too costly for the common man to purchase. The industrial revolution changed every aspect of America’s economic status as it was known, and helped to enable major changes like population shift from rural areas to urban areas, higher availability of resources, and an enormous increase of market values. Every aspect of the industrialization of the United States proved to enable more efficiency in every component of human life. Before the industrial revolution, the majority of the American populace lived in the rural setting. The economy was
…show more content…
This trade secret would allow Britain to have a upper hand in trade and their markets were untouchable until the secret was leaked. The trade secret made its way to the United States of America through a man named, Samuel Slatter (Manzione, "Lecture"). Slatter was a British engineer that had developed factories for fifteen years until he fled for his life, because of an affair with a noble’s wife. When Samuel came to the United States, a businessman who sold textiles proposed if Slatter could build a factory for him, then the businessman would make Slatter rich for life. Factories were built and he was made rich. This first factory proved to be a huge change for the American economy, and allowed for lives to be changed through the increase of efficiency that the factory system brought to America. The factory system allowed for a higher amount of organization, patterning of production (assembly line), and allowed for a higher sense of security to its employees through wages. All three of these factors were a huge boost for efficiency within the American …show more content…
The decrease of prices allowed for more people to buy the goods, which allowed for more money to circulate in the economy, and further stimulated immeasurable growth within American society during the 18th and 19th centuries. From the growth of the markets, there were more sales, which enabled more profits for the business owners. The profit that was gained through this allowed for more research and development; which further allowed for new technology to be developed to increase efficiency within the factory systems. Technology advances like the spinning jenny and the mechanical loom allowed for higher efficiency, but replaced human labor.
There was an increase of manufacturing products, but the goods could not be transported on land very easily until the railroad was built. Once the railroad was established goods could more efficiently get across the United States, and trade was increased from a local level to a national and global level. By 1880s’, the national economy had fully matured due to the industrial revolution (The American Yawp). Dr. Manzione in his lectures stated that, “the economy was integrated by transportation and communication and allowed large scaled transport and community networks (Manzione,
This trade secret would allow Britain to have a upper hand in trade and their markets were untouchable until the secret was leaked. The trade secret made its way to the United States of America through a man named, Samuel Slatter (Manzione, "Lecture"). Slatter was a British engineer that had developed factories for fifteen years until he fled for his life, because of an affair with a noble’s wife. When Samuel came to the United States, a businessman who sold textiles proposed if Slatter could build a factory for him, then the businessman would make Slatter rich for life. Factories were built and he was made rich. This first factory proved to be a huge change for the American economy, and allowed for lives to be changed through the increase of efficiency that the factory system brought to America. The factory system allowed for a higher amount of organization, patterning of production (assembly line), and allowed for a higher sense of security to its employees through wages. All three of these factors were a huge boost for efficiency within the American …show more content…
The decrease of prices allowed for more people to buy the goods, which allowed for more money to circulate in the economy, and further stimulated immeasurable growth within American society during the 18th and 19th centuries. From the growth of the markets, there were more sales, which enabled more profits for the business owners. The profit that was gained through this allowed for more research and development; which further allowed for new technology to be developed to increase efficiency within the factory systems. Technology advances like the spinning jenny and the mechanical loom allowed for higher efficiency, but replaced human labor.
There was an increase of manufacturing products, but the goods could not be transported on land very easily until the railroad was built. Once the railroad was established goods could more efficiently get across the United States, and trade was increased from a local level to a national and global level. By 1880s’, the national economy had fully matured due to the industrial revolution (The American Yawp). Dr. Manzione in his lectures stated that, “the economy was integrated by transportation and communication and allowed large scaled transport and community networks (Manzione,