These new industries meant that Americans believed that America was the most powerful country in the world. Americans therefore bought consumer goods because it was a sign of America’s prosperity. This led to more and more things being bought which aided the economic boom. The growing strength of American industry was a big factor in the economic boom. In the twenties, industry took a very big step.
2014. 1833 Factory Act | The National Archives. [ONLINE] Available at:http://www.nationalarchives.gov.uk/education/lessons/lesson13.htm. [Accessed 01 May 2014] • "Working and Living Conditions during the Industrial Revolution." flashcards.
Jackson was not alone in thinking this, many of his peers and colleagues had the same views and beliefs, but were proven wrong with the introduction of the Industrial Revolution. This new era introduced an abundant amount of shortcuts in the area labor and labor saving devices. The introduction of these devices meant that a company could now save on salaries, but still increase productivity. The results of this new way of business were evident, the years between 1790 and 1807 showed American exports rising from 20 million to 108 million exported goods a year. The increase in exported goods was not only due to the new inventions, but also the high tariffs placed on imports, giving America a trade surplus.
The... ... middle of paper ... ... than they did before. Thus widening the gap between being poor and being wealthy. Land value was also increasing due to the location of the factories. The North-East land became more valuable because that is were most of the factories were located. (Bailey) Overall, the Industrial Revolution brought more money to North America which caused the country to flourish and it kept the country alive and helped it grow to what it is today.
The timing of innovation often varied from one industry to another, having a ripple effect. Although, this resulted in an unprecedented level of productivity across every field. Profits for businesses were rising from the continuously increasing levels of production, while former workshops were replaced with assembly lines and factories. Larger scale production made economic sense to businessmen as it decreased the overhead costs. While some people pursued career opportunities in the American frontier, others looked for new ways of doing things incorporating technology.
In the early nineteenth century, you could easily determine that the rapid changes of the Industrial Revolution triggered a lot of positive and negative emotions. Many documents of this time considered that the Industrial Revolution was a time of growth and a great expansion of opportunities. Due to the immense growth of factories and production systems in them, it created many jobs for middle class individuals. Now that people had steady jobs, there was money that could be disbursed. Common goods, such as textiles, became in higher demand because they were being produced so fast for such little money.