Lecture_05

Lecture_05 - Lecture 5: The early factory system From the...

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Lecture 5: The early factory system • From the “American System” to mass production – Artisanal shops c. 1820 – Key innovation = interchangeability of parts c. 1850 – Products for the masses allows large production runs. – Electrification c. 1890 – Assembly line technology controls the speed of operations and avoids wasted motion. c. 1910 • Early inventive activity – Responds to market incentives. Patenting prevalent in large markets (urban areas) or in places with access to transportation. New York Crystal Palace Exhibition, 1853 The term “American system” was coined by two British visitors. They toured American factories (guns, clocks, locks, etc.). What did they see?
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Colt revolver, c. 1850 First attempt at interchangeability • Demonstration: Take ten guns apart and collect parts into separate boxes. Then, reassemble into ten “new” guns. • Why guns? Interchangeability is useful on the battlefield. • First commission to North in 1813. He fails. Colt close by 1850. • True interchangeability is only
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This note was uploaded on 04/13/2009 for the course ECON 183 taught by Professor Boustan during the Winter '09 term at UCLA.

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Lecture_05 - Lecture 5: The early factory system From the...

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