In Robert Marks’ “The Industrial Revolution and Its Consequences, 1750-1850” Marks goes on to describe the end of the biological old regime and the beginning of Industrial Revolution that mechanized the world. In the old regime, people’s necessities all came exclusively from the land. However, in a revolution powered by coal, surplus goods could be manufactured in industries. This allowed the population capacity of the world to increase and a different set of challenges unseen in the old regime to arise.
He consolidated his businesses, and eventually sold them to the famous financier John Pierpont Morgan. The deal was worth four hundred and eighty- million dollars, in today’s money, thirteen point seven billion dollars. This was the largest deal America had ever seen. Carnegie received his payment in fifty-year gold bonds. Once the bonds were delivered he left them in the special vault built for his money.
Later, more efficient changes occurred to the steam engine. These changes opened the door to the creation of the steam locomotive. Through time this invention improved and spread to many countries including America. Americans can thank one train trip, in England, for that. That train trip was "In 1841, Englishman Thomas Cook, a Baptist minister, organized a train excursion for 540 parishioners to attend a temperance meeting in London.
His investments in oil companies started bringing him in lots of money. After lots of hard work he left the railroad industry in 1865 to focus on his other business interests, including the Keystone Bridge Company. In the book “Andrew Carnegie” by Joseph Frazier Wall he says the Keystone Bridge Company was an important American bridge building company. It was one of the 28 Bridge Building Companies in America in 1900. (Wall, pg 271).
The Industrial Revolution was an increase in machinery that helped to produce goods within the textile industry. It started in England in the 1700’s. Beginning in the middle of the eighteenth century, machines did this and other jobs as well. It also greatly improved farming methods. The Industrial Revolution began because England is abundant in natural resources, people left to that area for jobs, and inventions made it easier to perform those jobs.
Carnegie started work as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe. He built Pittsburgh 's Carnegie Steel Company, which he sold to J.P. Morgan in 1901 for $480 million, creating the U.S. Steel Corporation. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on local libraries, world peace, education and scientific research. With the fortune he made from business, he built Carnegie Hall and he founded the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution for Science, Carnegie Trust for the Universities of Scotland, Carnegie Hero Fund, Carnegie Mellon University and the Carnegie Museums of Pittsburgh, among others
The industrial revolution had a great impact on the American society. It created many jobs and great opportunities for the working community. It was a time of change and rapid growth for America. Many of the inventions created during the industrial revolution are still being used today. Some of the inventions include the steam engine, light bulb, and telephone.
The Industrial Revolution was brought about with the introduction of machinery and technology with the help of many inventors. The most crucial contributors in this revolution was James Watt who had revolutionised the steam engine. His invention drove the Revolution by improving trade, transportation as well as created more jobs. Though with beneficial outcomes of this development there were some negative results such as child labour and pollution. Trade within the Industrial revolution was enhanced with Watt’s improved steam engine.
With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system. The building of railroads created rapid economic growth in America. Railroad companies employed more than one million workers to build and maintain railroads. At the same time, coal, timber, and steel industries employed thousands of workers to provide the supplies necessary to build railroads (Chapter 12 Industrialization).
The Industrial Revolution can be argued to be one of the biggest advances to mankind, as it had far reaching impacts on various parts of the world (Angeles, 2016). Due to these various impacts, it paved the way for one of the greatest revolutions, which changed the world to facilitate what we see as “Modern Day Advancements”. In this essay I will be discussing why the Industrial Revolution had started in England and the effects of the revolution around the world. There is a confluence of reasons as to why the Industrial Revolution had begun in England. The Agricultural Revolution had led to an increased food production and increased population overall in England (Beck).
Between 1865 and 1900, Industrialization changed the way America continued about advancing. It brought about industries such as the railroads, steel and oil that generated jobs and opportunities, as well as economic wealth. Although these times were great for some - mainly the millionaires gaining fortune from their businesses and poor immigrants who found better lives in America than there were in their home countries - others, like the farmers and industrial workers, found a hard time making a living in the new, fast paced America. Farmers and industrial workers responded to the cruelness of industrialization by politically, financially, and socially.
Late 19th century, the United States became the leading industrial nation in the world which transformed the national economy of the nation during the period called Gilded Age. The most influential development of this era were the new inventions of the inventors, who invented new ideas and new products which led to a rise of big business. The inventors mostly controlled the nationwide industries, factories and had much control over the government and people who owned small business. Because of these new inventions the American life was changed and there was a drastic growth in the urban areas, there were significant changes in the transportation, agriculture, communication, and there was a demand in the labor union because of the newly built factories and industries. The life of this era was seemed to be constantly in motion as big businesses were rising and the life of every American got busier and busier because of the newly invented products.
In the gilded age of 1890’s and the early twentieth century. Four men had a negative and positive impact on the twenty-first century. John D. Rockefeller, Andrew Carnegie, J.P Morgan, and Cornelius vanderbilt were called robber barons. Robber barons were people who took over the economy by doing anything possible to take over. They did things like monopolizing railroads, banking industry , oil, and steel industries.
The Industrial Revolution began in England in the 1700’s within the textile industry. The Industrial Revolution was the transition to new manufacturing processes by using different machines. Before the Industrial Revolution people made different things by hand or simple tools. For example, people wove textiles by hand, and after the Industrial Revolution machines were used instead. The Industrial Revolution began in England because of many reasons.