Saturday, April 19, 2008

Impact on Industry

There was a great impact on industry during the industrial revolution. Many kinds of good were produced efficiently in large amounts. From working by hand and using simple machines, goods were created by power-driven machinery and produced in factories. Private investors and financial institutions were essential for supplying money for developing industries. Capitalists soon took control over organization of manufacturing. Industry changed from small machines that produce less to big ones that could produce more. For example, the simple spinning wheel turned into the Spinning Jenny, then to the Water Frame and finally the Spinning Mule. From making one thread at a time you could make more then a hundred. Rather then spending hours picking out cotton from cotton trees you could now use the cotton gin that helps pick cotton faster.

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