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The Second Industrial Revolution, also known as the Technological Revolution, [1] was a phase of rapid scientific discovery, standardisation, mass production and industrialisation from the late 19th century into the early 20th century.
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 ...
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It grew to 20,000 chapters and 1.6 million members. The Granges set up their own marketing systems, stores, processing plants, factories and cooperatives. Most went bankrupt. The movement also enjoyed some political success during the 1870s. A few Midwestern states passed "Granger Laws", limiting railroad and warehouse fees. [23]
The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880 ($11,998 in 2023 dollars [1]) to $584 in 1890 ($19,126 in 2023 dollars [1]), a gain of 59%. [2]
In 1813, businessman Francis Cabot Lowell formed a company, the Boston Manufacturing Company, and built a textile mill next to the Charles River in Waltham, Massachusetts.. Unlike the earlier Rhode Island System, where only carding and spinning were done in a factory while the weaving was often put out to neighboring farms to be done by hand, the Waltham mill was the first integrated mill in ...
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. [1] This was one of the few sustained periods of deflationary growth in the history of the United States. [citation needed]
Students were expected to be familiar with these following lines of the Aeneid: [1]. Book 1: Lines 1–519; Book 2: Lines 1–56, 199–297, 469–566, 735-804