Tuesday, April 23, 2013

New Industries

New inventions resulted in new industries and produced more wealth and jobs. Many inventions were created between 1870 and 1905, some of these inventions included Automatic lubricator for steams engines which allowed trains to run faster and less maintenance was required. This had a positive effect on society, other inventions were the typewriter, the telephone, the phonograph, carbon filament for a light bulb, automatic dishwashers, handheld camera, gas powered automobiles, and a powered flight! These inventions as well as others created a big impact on society and changed the way people lived also the way people communicated.

Free enterprise was a huge part of the success Americans had industrializing the nation. Americans adopted the French phrase Laissez-faire meaning “Let the people do as they choose.” Entrepreneurs were people who risk their capitol to organize and run businesses. These people were the ones who started new businesses and new ideas. They also were a big part of how free enterprise worked.

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