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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Raw materials
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Land
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Wealth
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All of the Above
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Detailed explanation-1: -The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.
Detailed explanation-2: -The Industrial Revolution was a period of scientific and technological development in the 18th century that transformed largely rural, agrarian societies-especially in Europe and North America-into industrialized, urban ones.
Detailed explanation-3: -One of the triggers was the unusually high growth in the population which set in around the middle of the 18th century and produced a gigantic reservoir of workers. At the same time new, more efficient methods of production became necessary in order to supply the basic needs of so many people.
Detailed explanation-4: -Before industrialization, when the most significant economic activities in most European countries were small-scale farming and artisan handicrafts, social structures remained essentially as they had been during the Middle Ages.