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. One of the most influential evolutions occurred in the textile industry after the mechanization of spinning and weaving fabrics like cotton.
This solidified Andrew Carnegie as a titan of the steel industry. In 1901, Andrew Carnegie was in his sixties, and was considering retiring from business. 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.
The fire is used to heat the water which in turn creates the steam that causes the wheels to turn"(Transportation History). 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.
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.
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). In turn, railroad companies spent large sums of money purchasing railroad supplies.
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).