THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Factors that contributed to the early industrialization of the US include:natural resources, transportation and
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new inventions
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Donald Duck’s brilliant ideas
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a decline in agricultural production
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growth of labor unions
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Explanation:
Detailed explanation-1: -labor in abundance. Lots of money to invest. New, talented group of businessmen [entrepreneurs] and advisors. Market growing as US population increased.
Detailed explanation-2: -29.390) The most important of the changes that brought about the Industrial Revolution were (1) the invention of machines to do the work of hand tools, (2) the use of steam and later of other kinds of power, and (3) the adoption of the factory system.
Detailed explanation-3: -Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
There is 1 question to complete.