Technology and Economic Growth
Published on Nov 15, 2016
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Technology and Economic Growth
By Henry Brown and Alex Shevalier
Key Technology
- Steam engine
- Cotton gin
- Reaper
- Sewing machine
- Telegraph
All of these are notes (leave it up for a bit)
Talk about the importance of each in their field
Talk about the importance of each in their field
Farming Development
- Hard prarie soil
- Needed harder plows
- John Deere
- Made wheat important
- McCormick reaper
Rich western soil improves growth rates
Farming Competition
- East VS West
- Fertilizer
- Guano
East had worse, more use/abused soil
Fertilizer increases yields
Guano (bird poop) is used
Guano islands
Fertilizer increases yields
Guano (bird poop) is used
Guano islands
More Technology!
- Power tools
- Interchangeable parts
- American system
Increased productivity
Machines don't need to be removed if a part breaks
Machines don't need to be removed if a part breaks
Telegraph and Railroad
- Morse code
- Popularity of trains
- Roofed carts
- Surpassed canals
Morse code needed for railroads for scheduling
Trains increase westward expansion
Go past canals in transport ability
(Kanawha canal)
Trains increase westward expansion
Go past canals in transport ability
(Kanawha canal)
Booming Railroads
- Wall Street growth
- 25% increase in incomes
- More connections
Improved industries and productivity grow stock market
Make their home on Wall Street
Railroads all around the country
Make their home on Wall Street
Railroads all around the country
Industrialization
- More workers
- Women and children
- $600 more anually
Women and children can work but this leads to bad working condition.
