With the induction of industry and modern manufacturing into the United States, its economy grew heavily, and it continued, making it one of the richest nations to date. Many inventions were being introduced in the United States, during the Industrial Revolution. The first major push of modern industry and manufacturing was done by Samuel Slater, who introduced the first industrial mill in 1709. This made farming become a very fast and easy process, as cotton could be spun and thread faster into yarn. This was one of the biggest factors for the introduction of ‘new technology’ coming about during the Industrial Revolution. The inventions and products that were being made, help quickly shift the old and more traditional way of work, to a more commercial standard. People were working, populations were booming, and the economy was becoming more successful. This economic success in the U.S can not only be attributed to the machinery making the labor life easier, but also the more civilized capital allowing for more world trade and the people being paid for their work. The people working deserved money so they got just that, which benefited the economy because if people were being paid for work, more would be working. The products of the people's work could be sold or traded off, making the government more rich and productive on an economic scale. The Industrial Revolution greatly impacted the economy of the United States by the growing commercial industry and the new inventions it brought along, also through the introduction of wage and money for laborers, as well as their products being traded and sold into the international consumers
With the induction of industry and modern manufacturing into the United States, its economy grew heavily, and it continued, making it one of the richest nations to date. Many inventions were being introduced in the United States, during the Industrial Revolution. The first major push of modern industry and manufacturing was done by Samuel Slater, who introduced the first industrial mill in 1709. This made farming become a very fast and easy process, as cotton could be spun and thread faster into yarn. This was one of the biggest factors for the introduction of ‘new technology’ coming about during the Industrial Revolution. The inventions and products that were being made, help quickly shift the old and more traditional way of work, to a more commercial standard. People were working, populations were booming, and the economy was becoming more successful. This economic success in the U.S can not only be attributed to the machinery making the labor life easier, but also the more civilized capital allowing for more world trade and the people being paid for their work. The people working deserved money so they got just that, which benefited the economy because if people were being paid for work, more would be working. The products of the people's work could be sold or traded off, making the government more rich and productive on an economic scale. The Industrial Revolution greatly impacted the economy of the United States by the growing commercial industry and the new inventions it brought along, also through the introduction of wage and money for laborers, as well as their products being traded and sold into the international consumers