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American economic history notes with all questions 23

American economic history notes with all questions 23 -...

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1850 the US had 9,000 miles of railroads, and more than 20,000 miles were added in the next century. Study question answers 19. What factors were responsible for the economic growth that occurred from 1790‐1860 in the United States? How does Rostow's interpretation differ from David's and North's. How did David create his figures for this period since he did not have census data? Provide the formula. According to David what were the three primary sources of growth? 19. Part 1 1. Technology advances – Due to scarce labor Interchangeable parts (in the firearms industry). Credit Eli Whitney with this invention. This innovation was a tremendous labor saver. Interchangeable parts were also used in clocks, sewing machines, locomotives, bicycles, agricultural implements, etc. Machine tool industry. Firms that produced only tools for other manufacturers. Greater specialization. Vast improvements made. ‐Mass production techniques, assembly lines. Slaughter houses, grain mills (the first use of these techniques in the U.S., by Oliver Evans), etc. U.S. did
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