What Innovations in Technology and Business Drove Increases in Industrial

question 21

Essay

What innovations in technology and business drove increases in industrial production after 1865?

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Definitions:

Goods Manufactured

Products that have been completed and are ready for sale, representing the output of a manufacturing process.

Converting Raw Materials

The process of transforming raw materials into finished products or components through manufacturing or production activities.

Direct Labor

The pay received by laborers who are directly contributing to the creation of products or the provision of services.

Factory Overhead

The indirect costs associated with manufacturing, including utilities, maintenance, and depreciation of manufacturing equipment.