Factors Leading To Industrialization Of Colonial America

Factors that led to Industrialization in America

There were several factors that led to the industrialization of colonial America such as new technologies. These new technologies which were developed in rapid succession, were crucial to the formation of factories that led to industrialization. Several other large reasons that led to the industrialization in America were plentiful natural resources, immigration and population increase, improved transportation and investment capital. All of these factors combined to create the ability for large scale industrialization to take place. Arguably the largest of these factors would be the rapid development of technology. The development of technologies such as the steam boat, steam engine, telegraphs and railroads. These developments in technologies allowed the rapid production of goods and transportation of those goods. This ability to easily transport goods across the country while being able to produce them cheaply and quickly, undoubtably was the one of the largest factors that lead to the development of the industrialization in America.
The reason this is important is because the price of labor. If there are more workers than there are jobs the price of labor is cheaper. A large influx of immigrants who are willing to take jobs with a lower salary than an established citizen would be, drove down the price of labor to the point that it made it viable to higher large amounts of workers for your company. Another equally large factor of industrialization for America would be plentiful natural resources. America has a large amount of natural resources such as lumber, coal and oil which are needed for industrial growth. These resources which are abundant across America are vital for the rapid industrial growth which occurred during the mid