During the , everyone had a fairly equal chance of being an entrepreneur; inventors became more commonplace, producing new products and services alongside the merchants and industrialists.

A. First Industrial Revolution (1776–1865)
B. Second Industrial Revolution (1865–1920)
C. Interwar and Postwar America (1920–1975)
D. Knowledge Economy (1975–present)

A. First Industrial Revolution (1776-1865

Explanation:

The first industrial revolution was marked by shift in labour. As the colonies expanded, there were also expansions in opportunities, interest in property ownership, manufacturing, inventions, and innovations. Merchants and entrepreneurs were given loans to secure capital.

Entrepreneurial activities were pursued by the inventors in the first industrial revolution. During this revolution there was the opening of a textile mill in Pawtucket, Rhode Island, in 1793 by the recent English immigrant Samuel Slater. There was Eli Whitney’s invention of the cotton gin in 1793. Howe's sewing machine in 1845, and Samuel Morse telegraph, 1830s–1840s.

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