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The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
One of the real impetuses for the United States entering the Industrial Revolution was the passage of the Embargo Act of 1807, the War of 1812 (1812–15) and the Napoleonic Wars (1803–15) which cut off supplies of new and cheaper Industrial revolution products from Britain. The lack of access to these goods all provided a strong incentive to ...
The Industrial Revolution altered the U.S. economy and set the stage for the United States to dominate technological change and growth in the Second Industrial Revolution and the Gilded Age. [28] The Industrial Revolution also saw a decrease in labor shortages which had characterized the U.S. economy through its early years. [29]
He has been awarded The Cliometric Society's Clio Can in 1999 in recognition of his exceptional support of cliometrics [7] and the Arthur H. Cole Prize by the Journal of Economic History, for his essay, "British Industrialization Before 1841: Evidence of Slower Growth During the Industrial Revolution". [8]
Until the Industrial Revolution battles were normally won on lost according to the training and discipline of the soldiers. After nearly 10 years of fighting the French and the British were pretty evenly matched and deadlocked. If Britain was to win it needed new tactics and new technology, it was time for a change. —
In turn, the Americans launched the American Revolution, resulting in an all-out war against the British and independence for the new United States of America. The British tried to weaken the American economy with a blockade of all ports, but with 90% of the people in farming, and only 10% in cities, the American economy proved resilient and ...
The first transformation from an agricultural to an industrial economy is known as the Industrial Revolution and took place from the mid-18th to early 19th century. It began in Great Britain, spreading to Belgium, Switzerland, Germany, and France and eventually to other areas in Europe and North America. [4]
According to the Demos Helsinki think tank, society and the economy is changing as it did during the Industrial Revolution. During industrialisation , productivity began to increase as society and business were designed in accordance with the new modes of operation; this eventually led to an unprecedented period of prosperity.