THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Foundry
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Plantation
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Refinery
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Factory
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Detailed explanation-1: -A factory, manufacturing plant or a production plant is an industrial facility, often a complex consisting of several buildings filled with machinery, where workers manufacture items or operate machines which process each item into another.
Detailed explanation-2: -The buildings, structures, machinery, and tools used in the production process are called capital goods.
Detailed explanation-3: -The factory system is a method of manufacturing using machinery and division of labor. Because of the high capital cost of machinery and factory buildings, factories are typically privately owned by wealthy individuals or corporations who employed the operative labor.
Detailed explanation-4: -The textile industry was the first to use modern production methods, and textiles became the dominant industry in terms of employment, value of output, and capital invested. The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin.
Detailed explanation-5: -A factory, manufacturing plant or a production plant is an industrial site, usually consisting of buildings and machinery, or more commonly a complex having several buildings, where workers manufacture goods or operate machines processing one product into another.