USA HISTORY

Detailed explanation-1: -Railroads could transport materials needed faster than before, which helped factories produce goods. This helped big business to grow. The railroad also let people from the country move into the city, which helped provide a work force for the factories.

Detailed explanation-2: -Success in international trade created Britain’s high wage, cheap energy economy, and it was the spring board for the Industrial Revolution. High wages and cheap energy created a demand for technology that substituted capital and energy for labour. These incentives operated in many industries.

Detailed explanation-3: -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-4: -The development of railroads was one of the most important phenomena of the Industrial Revolution. With their formation, construction and operation, they brought profound social, economic and political change to a country only 50 years old.