The Industrial Revolutions The first industrial revolution lasted from approximately 1760 until 1830, while the second industrial revolution would occur from roughly 1830 until the early 1900’s. The first industrial revolution would permanently change human society forever. Power, transportation and production were key aspects that contributed the first revolution. The second revolution will see a increase in business size and business organization. It was prior to the first industrial revolution that traditional manufacturing was operating on a small skilled and custom scale. Manufacturing during this time entailed direct ownership without supply chain integration or much marketing. That would all change with each subsequent revolution as …show more content…
Prior to the railroad fundamental problems of transport were speed, cost, and reliability. Trails and ships led to roads, turnpikes, canals, steamboats, and finally railroads. Railroads would eventually counteract many of the fundamental problems of earlier transportation methods. Railroads increased market size through speed and reliability. Costs to transport goods fell drastically because of direct routes and lower unit costs as railroads could handle heavy loads of goods. By the 1860’s the railroad was a billion dollar industry. To lay track the railroad needed massive amounts of steel. The need for steel required technology in metallurgy that would ultimately push the second industrial revolution. Railroads created a demand for accounting and time management like never before in …show more content…
John D. Rockefeller established a trust to rid the competition. This strategy allowed big oil to continue growing by absorbing any competition. Through such economies of scale Rockefeller was able to lower costs so much any remaining competition would be unable to pay the costs of staying in business. The public becomes concerned because competition is needed to keep prices low in the long run and they encourage the passage of the Sherman Antitrust Act to break up the oil cartel. Standard oil had been engaging in price discrimination by giving the railroad special prices in exchange for preferential treatment using the railroads to ship their oil. They shipped so much oil via railroad that if the railroad lost their business they would lose lots of
None of the competition knew what the rates were for the rebates or the rates that Rockefeller was paying the railroad. This made it hard for the competition to keep up with the Standard Oil Company. The consequences led to many oil companies being secretly bought out by Rockefeller. All in all, 25 companies surrendered to Rockefeller's relentless expansion, which was 20% of the oil industry in America.... ...
The growth of agriculture and railroads in Texas and in the United States helped form our economy today. Railroads today pass through a lot of Texas, and even in big cities like Houston or Dallas. Since there are so many farms and open farmland (especially in south and west Texas), railroads can carry the produce and livestock to their destination. James Watt invented the first steam engine in about 1769, and from then on, railroads were a must for transportation, since cars had yet to be invented. Railroads began to be built before the Civil War. It originally took about 6 months to get from the west of the US to the east, but now it only took 7 days. With railroads expanding all across the country, agriculture was affected in a mostly positive way. Now, crops and other goods could be transported by train anywhere in the US, and fast.
Although not a natural resource, railroads were considered one of the key factors in almost every widespread industry. It allowed companies to quickly send products across the entire nation without using expensive and time-consuming caravans or wagons. Cornelius Vanderbilt was a prominent leader in the railroad industry at this time. He was already in his later years by the time the Gilded Age rolled around and didn't even get to see the uprising of some of the greatest leaders of the time. The railroad companies took advantage of their necessity by constantly overcharging customers, especially farmers. This led to one of the first labor unio...
During the 1800’s, America was going through a time of invention and discovery known as the Industrial Revolution. America was in its first century of being an independent nation and was beginning to make the transition from a “home producing” nation to a technological one. The biggest contribution to this major technological advancement was the establishment of the Transcontinental Railroad because it provided a faster way to transport goods, which ultimately boosted the economy and catapulted America to the Super Power it is today.
Throughout the late nineteenth and the early twentieth century, the United States economy changed dramatically as the country transformed from a rural agricultural nation to an urban industrial gian, becoming the leading manufacturing country in the world. The vast expansion of the railroads in the late 1800s’ changed the early American economy by tying the country together into one national market. The railroads provided tremendous economic growth because it provided a massive market for transporting goods such as steel, lumber, and oil. Although the first railroads were extremely successful, the attempt to finance new railroads originally failed. Perhaps the greatest physical feat late 19th century America was the creation of the transcontinental railroad. The Central Pacific Company, starting in San Francisco, and the new competitor, Union Pacific, starting in Omaha. The two companies slaved away crossing mountains, digging tunnels, and laying track the entire way. Both railroads met at Promontory, Utah on May 10, 1869, and drove one last golden spike into the completed railway. Of course the expansion of railroads wasn’t the only change being made. Another change in the economy was immigration.
The transcontinental railroad would eventually become a symbol of much-needed unity, repairing the sectionalism that had once divided the nation during the Civil War. The construction of the transcontinental railroad was also an extension of the transportation revolution. Once commodities such as gold were found in the western half of America, many individuals decided to move themselves and their families out west in search of opportunity. Not only did the railroad help to transport people, but it also it allowed for goods to be delivered from companies in the east. In the end, the American transcontinental railroad created a national market, enabling mass production, and stimulated industry, while greatly impacting American society through stimulated immigration and urbanization.
Transportation was a large factor in the market revolution. During the years of 1815 and 1840, there were many forms of improved transportation. Roads, steamboats, canals, and railroads lowered the cost and shortened the time of travel. By making these improvements, products could be shipped into other areas for profit (Roark, 260). Steamboats set off a huge industry and by 1830, more than 700 steamboats were in operating up and down the Ohio and Mississippi River (Roark, 261). Steamboats also had some flaws, due to the fact of deforesting the paths along the rivers. Wood was needed to refuel the power to the boat. The carbon emissions from the steamboats polluted the air (Roark, 261). The building of roads was a major connecting point for states. There were some arguments of who would pay for...
The time period a person lives in greatly impacts his actions, thoughts and beliefs. The second Industrial Revolution signifies a time of change, education and reform. The second Industrial Revolution can be dated between 1870 and 1914. When industries emerge and new opportunities are open, mass immigration can be found. The industrial revolution provokes new inventions, factories, transportation, communication, politics, women’s rights and urban life. In the early 1900s, there was segregation and discrimination between races. In addition, during the years between 1914 and 1918, World War One erupted. Between 1929 and 1933, the Great Depression took place and lastly between 1941 and 1945- World War Two occurred.
There is no refuting that the railroad companies transformed business operations and encouraged industrial expansion. The raw materials required for construction of the transcontinental railroad directly resulted in the expansion of the steel, lumber and stone industries. (Gillon p.652) The railroad stimulated growth in manufacturing and agriculture providing an efficient manner to ship raw materials and products throughout the country. Which in turn, increased consumerism and introduced t...
"Railroads were the first big business, the first magnet for the great financial markets, and the first industry to develop a large-scale management bureaucracy. The railroads opened the western half of the nation to economic development, connected raw materials to factories and retailers, and in so doing created an interconnected national market. At the same time the railroads were themselves gigantic consumers of iron, steel, lumber, and other capital goods". (Tindall, Shi)
It began as a muddy pool, which was the meaning of the city’s original name: Liuerpul. Liverpool, located in England, was found by King John during 1207. It was known for being a port town, which was used to send soldiers and supplies to the Irish Sea during the conquering of Ireland by England. As years passed, King John divided the land and allowed people to establish houses and to start living. Later, they were given more freedom to start their own organizations. Over the next centuries, population grew and fell constantly because of poverty and famine. The economy wasn’t stable enough to give the city a proud name. It was not until the years between 1760 and 1850, when a big era hit the city of Liverpool, called Industrial Revolution. It became a success because of new technology that was invented to increase the population and secure its safety. Liverpool's industrialization became a success because new ideas and inventions affected the size of population and development of Liverpool.
The Period of 1730-1850 was one of the most influential, if not the most influential period, of human advancement. This time gave us many of the basic things we see all around us today, from our current wealth based system to the use of unions. It gave us the engine, it gave us a global economy. The Industrial Revolution was, and is, incredibly important. In the space of 5 generations, man went from farming for his living to operating mammoth machines. Man went from an unorganized group of warring people to a global economy. The Industrial Revolution truly boosted humanity to its next step into the future.
The first Industrial Revolution evolved into the Second Industrial Revolution in the transition years. Second Industrial Revolutions begins in 1850 when technological and economic progress continued with the increasing espousal of steam-powered boats, ships and railways and the construction of machine tools.
The industrial revolution was the most important, which started around the eighteenth century towards the nineteenth century in Europe. This great event was the fastest spreading event in human history. The capacity of economy and population growth was unexpected especially at the areas in which it flourished. The industrial revolution benefited almost everyone around the world and brought about new social classes, large cities and many new innovations including medical discoveries especially in Britain as it based it is scientific innovations on experiments and practical work rather than theories and logic.
America has been expanding and growing since its birth out of Great Britain. The Industrial Revolution has been an influence in the American life since it first began in the 1700s. Many of the effects resulting from the revolution still affect America to this day. The entrepreneurs of this time and their industry still are around, although they have molded and shaped themselves into better products their still known from the originality of it all. Although the Industrial Revolution began hundreds of years ago it has affected everything on a global scale with other nations adapting from the innovations of this era. Economically speaking its increased money for the nation tremendously although the nation in debt to other nations to this day; during the era it rose so quick among the other nations it was spectacular. Now, ecologically speaking it has impacted the environment in a lot of negative ways. There has been so many positive and negatives to come out of the Industrial Revolution it has had more of a neutral impact on everything.