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Economic growth and Industrial Revolution

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What were the causes of increased manufacturing in the us?

increased demand for manufactured productsincreased supplies of adequately skilled laborincreased supply of raw materialsimproved methods of transportationimproved methods of manufacturingshortage of foreign products


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What contributed to US economic growth in the 1950s?

The industrial power of the United States


Where is Manufacturing and trade use found in the US?

For all displaced workers, using education group averages, net wage, and it assumes that displaced workers found new jobs in industries unaffected by trade.


Why does the US send our factory jobs overseas when the jobs are so badly needed here?

"The US" never sends jobs overseas. Various companies based IN the US will "send jobs overseas" - meaning, contracting work overseas or building manufacturing facilities overseas - because US workers are highly paid, and some companies figure that they can save money on manufacturing by getting that work done elsewhere. But it isn't the US government doing that. It doesn't always work out that way. Yes, a Chinese worker may work for a tenth of the cost of a US worker - but Chinese workers often make mistakes, or do poor work. Some companies have been moving manufacturing facilities back to the US, because US workers are - generally - better trained and more consistent.


In what ways might life for workers change as a result of the industial revolution?

They have changed because despite the hard work of people, manufacturing in the US grew slowly.


Why were US workers against the ratification of the North American Free Trade Agreement (NAFTA) in 1992?

US workers opposed the ratification of NAFTA in 1992 primarily due to concerns that the agreement would lead to job losses and wage stagnation. They feared that companies would relocate manufacturing jobs to Mexico, where labor costs were significantly lower, resulting in increased competition and a decline in domestic employment. Additionally, there were apprehensions about the potential erosion of labor standards and environmental protections. Overall, many workers saw NAFTA as a threat to their livelihoods and economic security.


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What were some economic facts about the US after the Panic of 1873?

After the 1873 Panic, the US continued to expand economically. Steel and oil led the nation's industrial output. By 1880, the US rivaled Great Britain in steel production. Oil production increased by 500% in the 1870's. No nation produced more oil. The number of workers employed in manufacturing grew by nearly a third. And, Railroads were the nation's largest employer, with almost 2 million workers at all levels.


When was BMW US Manufacturing Company created?

BMW US Manufacturing Company was created in 1994.


How significant was the difference in manufacturing capacity between the Union and the Confederacy?

By any measure, the North's manufacturing capacity gave it an edge over Confederate manufacturing ability at the beginning of the US Civil War. To be more specific, in 1861 the Union had 110,000 manufacturing establishments. These businesses employed 1.3 million workers. On the other hand, the Confederacy had little to make any type of comparison. There were 18,000 manufacturing firms employing 110,000 people.