Industrial Revolution and Contributions
3. Discuss the causes of the Industrial Revolution from 1865-1895. Be specific in explaining how each point you make affected the economy.
There were many factors that contributed to the industrial revolution. Money were popping up from a variety of different sources so business’ can expand, mining added silver and gold to bank reserves, investments from profits helped to stimulate the economy, and small investors started to invest in stocks because they thought it would help them get rich quicker Inventions played a key fact because there were new technology, and science that added to the industrial revolution. Issaic Singer patented the sewing machine and revolutionized textile. The Typewriter invented by Christopher Sholes, helped revolutionize business, following that the carbon paper was created in 1872, and then sold his patent to Remington Arms Company. Alexander Bell studied throat and voice, experimented by sending sounds over wires, and sent his first telephone message from Boston to NY, and the National Bell Telephone Company was formed, now called ATT. Thomas Edison invented the light bulb and founded Edison electric illuminating company with backing by J.P Morgan, General Electric GE, the forerunner which Edison created with Morgan’s Financial assistance, then went on to create the phonograph, and the movie camera with 1,093 patents. Andrew Carnegie revolutionized the steal industry, (The Gospel of Wealth- unrestricted capitalism as best for everyone because it asserted work ethic and progress) the classic rags to riches applied to him, his investments turned him into operating the largest steel company in the world, the Bessemer process converted iron into steel expanded production, created by Henry Bessemer, this process made steel not only stronger but at a cheaper rate. Transportation was also a big part of the industrial revolution. Cornelius Vanderbilt expanded railroad and steamship lines in the US, the transcontinental railroad
There were many factors that contributed to the industrial revolution. Money were popping up from a variety of different sources so business’ can expand, mining added silver and gold to bank reserves, investments from profits helped to stimulate the economy, and small investors started to invest in stocks because they thought it would help them get rich quicker Inventions played a key fact because there were new technology, and science that added to the industrial revolution. Issaic Singer patented the sewing machine and revolutionized textile. The Typewriter invented by Christopher Sholes, helped revolutionize business, following that the carbon paper was created in 1872, and then sold his patent to Remington Arms Company. Alexander Bell studied throat and voice, experimented by sending sounds over wires, and sent his first telephone message from Boston to NY, and the National Bell Telephone Company was formed, now called ATT. Thomas Edison invented the light bulb and founded Edison electric illuminating company with backing by J.P Morgan, General Electric GE, the forerunner which Edison created with Morgan’s Financial assistance, then went on to create the phonograph, and the movie camera with 1,093 patents. Andrew Carnegie revolutionized the steal industry, (The Gospel of Wealth- unrestricted capitalism as best for everyone because it asserted work ethic and progress) the classic rags to riches applied to him, his investments turned him into operating the largest steel company in the world, the Bessemer process converted iron into steel expanded production, created by Henry Bessemer, this process made steel not only stronger but at a cheaper rate. Transportation was also a big part of the industrial revolution. Cornelius Vanderbilt expanded railroad and steamship lines in the US, the transcontinental railroad