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in 1764 JAmes Hargreaves developed spinning jenny a mochene that could spin many threads at once . this invention along with others would speed up the process for making cloths and cloth for other products . this michne would produce a lot of cloth in a day than was possible before these inventions would change how goods were made around the world. capitalists would supply the money to run the spinning Jenny because it required large amounts of money. britian inverters saw an opportunity because a single worker could produce much more with a michene than by hand. the cost of the goods made by a michene was much lower and more of those good could be sold. if an investor bought a factory for these Michener's they could make more cloths cheaply and they could make a profit.

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market economy in the industrial revolution 1782

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market economy in the industrial revolution 1782

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In the United States Industrial Revolution took place in a period marked by the growth of free enterprise or Market Economy.British restrictions and trade  have been lifted Access to credit or borrowed money allowed people to start mills  and factories and cities and Rural  places where streams provided power. Market Revolution was taking place and factories sprouted throughout the northeast. new technologies interchangeable parts and Steamboat formal efficient production that transport of goods. roads and canals Linked towns expanding opportunities. the government however protected contracts and property. people could buy sell or use property as a saw fit . a lot of Americans wanted freedom to try new things they wanted competition which encouraged new inventions. 1782 a group of 24 investors had started the New York Stock Exchange stock market raised private Capital to pay for new Ventures success profit and brought New Wealth to investors. the profits led to new investments in further economic growth. low tax law businesses to hold on to large amounts of capital and use it to expand and create even more wealth.

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market economy in the industrial revolution 1782

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in 1798 ELI Whitney made interchangeable parts so that all michene made parts would be a like. this would save time and money when creating things. making many interchangable parts made gun making a lot faster. the first gun ELI Whitney made his gun Infront of the government it was in minutes that it was made because how faster the process was now. soon the idea of interchangable parts was spred and inventerrs designed michenes to produce interchangable parts for clocks, locks and many other goods. The design of interchable parts helped a lot with the Machines to when a part would break in a machine they could fix it in seconds not wasting any time or money because of the parts.

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factory owners forced children as young as 7 years old, both boys and girls to work at the factories. the children were used to fit in small spaces around large machines so they could change spindles. factory owners also hired women/Lowell girls. that moved from farms to mill towns to work in factories. they got paid low wages to send back home to their families. the factory owners also hired immigrants were generally more willing to accept lower wages and pay from working at the factories. this helped the industrial revolution because it allowed the factories to grow faster and get more machines because of them hiring sdo may workers for suck lower wages

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many workers worked long Hours many days a week to earn money for them and their families. for example, farm and mill workers worked 12 hour days. 6 days a week,working long hours all year around. working situations for people were much different from person to person. one example is that the Lowell girls lived in boarding houses while poor women had to go out and work to come home to either a not well built house or even possibly no house at all. wealthy families usually worked with their women staying home in a nice house for people back in the 1800's.

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The industrial revolution had a great impact on home life. previously most Americans worked in agriculture. The entire family lived at home and formed the land together. In the Northeast some families took part in cottage industries making Goods at home. local Merchants give them materials such as wool. Home workers, usually women and girls, would put the  wool into yarn and weave it into cloth. Other Cottage workers Made shoes. as  the factory spread the family economy Gave way into industrial production. More family members left home to earn a living. The changes affected ideas about the role of women. and in poor families women have to often go out to work  well with their families. The husband supported the family while living and stayed at home. Many husbands had a wife who stayed at home as a sign of success. men and women began to be viewed as fundamentally different. women were judged to be the best suited to domestic life while men were expected to go out and earn a living in the world. this  made woman and men for close bonds with one another inside their separate spheres and while working at same time they are expected to marry and raise a family

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The War of 1812 provided a boost to American Industries. British blockade cut Americans  from the supply of foreign goods.  as a result they had to produce more Goods themselves. American merchants and bankers saw new ways to meet the increase demand. to make money from the efficiency from manufacturing a bit more factories. as American investors   took advantage of new technologies and more factories the  American economy grew.

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In 1825 Jethro Wood began the manufacturer of an iron plow with a lightweight Stewart cloud earlier player was made of iron or wood had to be pulled by an oxen which were strong but slow. in 1847 Cyrus McCromick opened a factory in Chicago that produced mechanical reapers. the reaper was a horse drawn michene that cut and gathered wheat and grains. this reaper could do the work of 5 people using tools.

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the movement of population from farms to cities. In the 1800's nearly 5 million people lived in rural areas. during the Industrial revolution people left farms for better job opportunities in the cities to work in factories. a issue of urbanization was the fact that so many people moved to the cities it caused over population and cities to be crowded

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the south's lack of industry had a lot of effects on the region because there was few industrial jobs in the south people had no way to escape poverty of life on a small farm where northern farmers could move to cities and take factory jobs. with little industry the south became More and more dependent on the north and Europe. people in the south would borrow money from Northern banks and also purchased most of their furniture ,farm tools and machines from the north and European factories. one southrender showed how much they really on the north for many goods.