The Industrial Revolution forever changed both the environment and the economy of the United States. The rapid industrialization began due to the increasing availability of cheap labour, due to immigration, combined with new technologies such as coal powered machines. Almost from the outset industrialization began to transform the economy, by producing consumer goods, such as cheap textiles. Industrialization also allowed the U.S. to compete with European nations in manufacturing,
The natural resources that England had gave them an advantage. Major resources that England had was Coal, Iron, Wool, Lead, Tin, and Cotton (Doc 1). With the advantages, farmers used the resources for good use. The resource also helped by powering factories with the coal. Coal was really important Europe, without coal they would have steam engines or factories.
Looking at the past, and exploring technologies that have had an impact on society is a valuable tool for entrepreneurs. There is much to learn about the Industrial Revolution and how the technologies developed at the time played such a huge role. The Industrial Revolution first instigated in England, then spread like wildfire throughout the world during the 18th and early 19th centuries. The lives of ordinary people was transformed dramatically, by a series of engineering inventions and industrial achievements allowing industry to develop so fast that society could barely keep up. One of the major inventions that helped launch the industrial revolution was the steam Locomotive.
The result of industrialization was more economic activity aimed at distributing and selling the products. The impact of industrialization was visible in virtually every aspect of the American society. The largest economic actors stood to benefit the most from the division of labor. Large factories also
In 1694, Thomas Savery invented what would revolutionize the united states indefinitely, he called it the steam engine. This invention lead to the first steam engine locomotive which many would say was a beneficial turning point in the industrialization of america’s economy,allowing the steam engine to be used on the railways. Although the railroads did impact the United States and certain groups in positive ways,there were also negative effects that occurred. During this time period, there were many chinese immigrants that entered the United States who made up most of the workers that built the tracks. Business owners made lots of money from the railroads because they were able to transport goods farther and faster with ease.
Because Thomas invented a pump to clear water out of the coal mines. This increased the efficiency of the steam engine for the trains because more coal was produced and it was not expensive as wood was. The steam engine also had another useful purpose in the industrial revolution; the huge cotton mills. John Watt began the making of various kinds of machines for all sorts of industries with the financial backup of Matthew Boulton. In total, of his enterprise, Watt had invented 42 engines.
For instance, farm production, which was once done manually by hand and produced with the aim of feeding the immediate family, became commercialised. The invention of new machines such as tractors and threshing machines resulted in bigger harvests and the sale of agricultural produce for profit. The development of steam-powered machines and the popularisation of the production line in factories during this period led to more products manufactured in greater amounts for sale, steering up the cycle of demand and supply for the rapidly increasing population. It is therefore evident that the Industrial Revolution was a pivotal turning point in human history as it led to massive changes in the economy and the traditional way of living life for a great
Production had gotten more efficient because of inventions like the steam engine, cotton gin, and light bulb. The economy was doing well and there were lower prices on goods. An increase of jobs led to even better production. Society was getting more and more determined and inspired because of new inventions and machinery. Inventions had a positive impact on society’s way of living and it made their everyday lifestyles easier.
From the article of railroads,“Not only did the railways provide greater opportunity through extending markets, they also stimulated more people to start businesses and thereby enter the markets. An extended marketplace provided a greater number of individuals the opportunity to produce and sell goods.” (Kelly) Opportunity overpowers the negative factor of the architecture and locomotives being unfriendly to the environment. Another positive factor that outdoes the negative is the advantages of mass production. In the article about nineteenth century architecture,“While the battle of styles was engaging the energies of the architects, great changes were introduced in industry. Mass production became possible in glass, iron and later steel” (19th Century Architecture).
Monopolies were intended to increase profits, and “dictate” the “two great classes:” the producer and the consumer (Doc 3). Many companies like Andrew Carnegie’s steel company and Rockefeller’s standard oil company benefitted from trusts. Rockefeller successfully created a monopoly by buying rival companies, and controlling transportation rates which allowed for the transport of goods at a cheaper rate, allowing Rockefeller to lower the price of oil; this affected small companies since it was impossible for them to compete with the price (Doc 5). While many companies invested in the railroad company and created contracts to receive exclusive benefits such as lower rates, the railroads didn’t benefit the public at all, because they were built by investors that only cared about receiving a “fair percentage” of the profit, and remarked that “the public be damned” (Doc 1). Many laborers working under these company suffered due to the reduction of “the price of every labor connected with trade” (Doc 3).