New Power Technologies In the early part of the Industrial Revolution natural power sources such as water and wind were used as power. Later, new power technologies such as a steam power and electricity played a major role in allowing the Industrial Revolution to grow.

Both the microscope and the telescope were invented during the Renaissance. These improved lenses also helped with making eyeglasses, which would be needed with the invention of the printing press and more people reading. Clock. The first mechanical clock was invented during the early Renaissance.

Radar technology played a significant part in World War II and was of such importance that some historians have claimed that radar helped the Allies win the war more than any other piece of technology, including the atomic bomb.

The process has improved productivity and allowed for mass production, which has increased standards of living. Through industrialization, we have seen more goods produced in less time, increased time for recreation and leisure, and an increase in real incomes.

Big business led to a drastic expansion in the production of American goods and the amount of capital in the nation. Industrial exports, especially steel, sharply increased because of the mass production of products by massive corporations like US Steel and Ford Automobiles.

After the Civil War, the American economy was characterized by the rise of big business. Technological innovations made mass production in manufacturing possible. Transportation and communication revolutions developed national markets for goods. Railroads provided faster, cheaper, and more reliable transportation.

How did big businesses shape the American economy in the late 1800’s and early 1900’s? They used railroads to transport their goods and expand their businesses across the country, which helped increase their profit, therefore making America one of the most economically powerful countries in the world.

Why was the Industrial Revolution such a big deal? It literally changed the entire world from the way people think, to where they work, and social structures. It inspired waves of nationalism that had serious effects on colonies and their chances for independence. You just studied 18 terms!

Why did big business emerge during the Industrial Revolution? New technologies required the investment of more money; big, powerful corporations allowed people to invest in business. the belief that one racial group is superior to another.

Identify two major effects of new technology on business during the Industrial Revolution. Production became faster and less expensive. Workers made more money and worked fewer hours.

Summary and definition: The term ‘Big Business’ originated in the late 1800’s commercial as a derogatory term for large corporations and unfair business practices. The Rise of Big Business and corporations led to social unrest including riots and strikes and the rise of labor Unions.

The main factors that led to the rise of US industrialization were new technologies like steam engines, railroads, and telegraphs that made communication and transportation easier. The ability to source and transport materials across the country with ease turned many local businesses into national companies.

Factors Supporting Industrialization

• Western Mining.
• Immigration.
• Government subsidies and tax breaks to railroads.
• Laissez faire attitude of the government.
• New sources of power.
• High Tariffs.
• Horizontal and Vertical integration.
• National Markets.