There are many examples of US companies moving their industrial plants from the United States to China.
Bicycles were built in the US for over 100 years by the year 2000 they were all built in China.
The reason the price was $80 when it was built in US, and $40 when Bill in China.
Price is more important to US consumer that where the product is manufactured.
20 years ago industry was highly clustered in a handful of areas within the MDC's.
Now industry has confused many countries and many LDCs.
The US has lost one third of its fracturing jobs in the first decade of the 21st century.
Government officials everywhere understand the powerful role of industry in the Economic health of the community.
With globalization …show more content…
i. Origins of Industry
Industrial Revolution was a series of improvements in the industrial technology to transform the process of manufacturing goods.
People who made household goods or tools in their own homes or village is known as a cottage industry system.
Industrial Revolution was more than just transforming industry it resulted in new social economic and political inventions.
The changes involve gradual diffusion of new ideas and technology over decades.
Industrial Revolution started in the United Kingdom and the late 1700s.
Most important invention in the development of the factory was the steam engine patent in 1769 by James Watt the maker of mathematical instruments Glascow Scotland.
The industries impacted by the Industrial Revolution included
1 Iron
The first industry to benefit from Watt steam engine was the iron industry the steam engine allowed the iron ovens to be constantly heated which made making iron much easier.
2 Coal
The source of the energy to operate the iron ovens was steam engines but Cole provided the energy would was the main energy source prior to the Industrial …show more content…
3 Mid – Rhine
Western Europe second most important industrial area.
Lacks raw materials close to consumer markets.
The French part of this region the Alsace Lorraine contains Europe's largest iron ore field and produces two thirds of Francis deal
3 largest cities in this area Frankfurt's Stuttgart Manheim.
Frankfurt is West Germany's most important financial and commercial center and hub of its transportation network.
Stuttgart industries the specialized high-value goods require skilled labor.
Manheim is an important port along the Rhine River and has large commercial chemical industries and manufacturing pharmaceuticals.
4 Po Basin
So to Europe's oldest and most important industrial area.
The Po Valley contains about two thirds of Italy's manufacturing.
Industrial development started with textile manufacturing during the 19th century.
Area has two important aspects: inexpensive hydroelectric power and a large labor