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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It led to an increase in production costs for most goods.
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It created a need for more workers with college degrees.
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It increased the need for specialized workers to create unique products
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It switched the focus of the economy from agriculture to manufacturing.
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Detailed explanation-1: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.
Detailed explanation-2: -Progress was also made in crop rotation and land use, soil health, development of new crop varieties, and animal husbandry. The result was a sustained increase in yields, capable of feeding a rapidly growing population with improved nutrition.
Detailed explanation-3: -New technology, including chemicals and larger tractors, allowed farmers to work larger areas of land with less labor. Government policies encouraged farmers to scale up their operations. Farmers were also motivated by economies of scale-the economic advantage of producing larger numbers of products.
Detailed explanation-4: -new tech and transportation revolutionized business and agriculture completely. It was not only easier to transport goods, but the manufacturing/harvesting processes were significantly faster and more efficient. More goods could be produced and they could be cheaper, as a result from cheap transportation.