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Did inventors receive a large portion of profits during the Industrial Revolution?
During the Industrial Revolution, for an inventor to receive profits from his inventions he had to create a company that produced his products. We will use two examples.
Benjamin Franklin designed the Franklin Stove. He created the company that made them. They kept houses much warmer than fireplaces. They sold. He made many more inventions and created other companies. He became a multimillionaire. He was the richest man in the United States and George Washington was the second richest.
Compare him to Thomas Jefferson.
Thomas Jefferson made a number of inventions. He invented a plow that was superior to any plow on the market. He did not start a company to make those plows. He designed many other inventions. He never made a cent from any of them. He died broke.
What else can I help you with?
Why is there so much slavery during the Industrial Revolution?
the reason for slavery in the industrial revolution is since the cotton gin was invented, the demand for cotton increased. Slave/Plantation owners needed their slaves to work harder so they could make their profit
What industry did most farmers blame for their low profits during the industrial revolution?
They blamed the factories and mills for attracting farmworkers to leave the land and head to the cities.
Why did slavery increase between 1700 and 1750?
It coincided with the growth of the industrial revolution. Great profits were made on the raw materials exported to Britain because labour was for free.
How would you evaluate the relationship between the Atlantic slave trade and the industrial revolution?
The Atlantic slave trade significantly contributed to the industrial revolution by providing a vast supply of cheap labor and raw materials, particularly in the production of cotton, sugar, and tobacco. The profits generated from slave labor and the commodities it produced fueled investment in industrial enterprises and infrastructure in Europe and the Americas. Additionally, the growth of industries and markets reliant on slave-produced goods created a symbiotic relationship that reinforced both the exploitation of enslaved people and the rapid technological advancements of the industrial revolution. Thus, the two phenomena are intricately linked, with the slave trade laying crucial economic foundations for industrial growth.
What were two positive effects of the industrial revolution?
Two positive effects of the Industrial Revolution were increased productivity and economic growth. With the introduction of new technologies and machinery, production efficiency improved, leading to higher output and profits. Additionally, industrialization created new job opportunities and stimulated urbanization, contributing to overall economic development.
Why is there so much slavery during the Industrial Revolution?
the reason for slavery in the industrial revolution is since the cotton gin was invented, the demand for cotton increased. Slave/Plantation owners needed their slaves to work harder so they could make their profit
What gives inventors sole legal rights to their invention and its profits?
A patent.
What industry did most farmers blame for their low profits during the industrial revolution?
They blamed the factories and mills for attracting farmworkers to leave the land and head to the cities.
Why did slavery increase between 1700 and 1750?
It coincided with the growth of the industrial revolution. Great profits were made on the raw materials exported to Britain because labour was for free.
What is the term for the portion of a corporation's profits that are given to stockholders?
Dividends
What is a divedend?
A dividend is a portion of the companies profits paid to it's Stockholders.
Dividend Payments?
Corporations have shareholders that invest in their business and expect a portion of the business's profits in return. Dividend payments are part of the shareholders' returns for investing in a business. Corporations have a choice to either reinvest their profits in shares, or keep a portion of the profits and paying shareholders dividends.
What is the salary of a owner of a business?
Owners of a business generally do not get a salary, they get a portion of the profits.
Which of the following terms best describes a preset contractual portion of the profits?
dividends
Define industrial productivity?
The industrial sector includes manufacturing, mining, and utilities and industrial productivity mean success and profits being made in these industries.
What has the author Chris Zook written?
Chris Zook has written: 'Profit from the core' -- subject(s): Corporations, Growth, Industrial management, Corporate profits 'Unstoppable' -- subject(s): Industrial management, Organizational change, Corporations, Growth, Corporate profits, Strategic planning 'Profit from the core' -- subject(s): Corporations, Growth, Industrial management, Corporate profits 'Beyond the core' -- subject(s): Corporations, Growth, Corporate profits, Industrial management, Strategic planning, Economische groei, Bedrijfswaarde, Strategisch management
What were two positive effects of the industrial revolution?
Two positive effects of the Industrial Revolution were increased productivity and economic growth. With the introduction of new technologies and machinery, production efficiency improved, leading to higher output and profits. Additionally, industrialization created new job opportunities and stimulated urbanization, contributing to overall economic development.
